According to Luka Magic, there will be an average annual rate of inflation in prices of commodities of 8.2% during the next ten years. Assuming his prediction to be accurate, a shoe costing 51,000 now would have what price ten years hence?

According to Luka Magic, there will be an average annual rate of inflation in prices of commodities of 8.2% during the next ten years. Assuming his prediction to be accurate, a shoe costing 51,000 now would have what price ten years hence?

Structural Analysis

6th Edition

ISBN:9781337630931

Author:KASSIMALI, Aslam.

Publisher:KASSIMALI, Aslam.

Chapter2: Loads On Structures

Section: Chapter Questions

Problem 1P

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