If the annual rate of inflation is 4%, find the price of a good at the end of a year if its price at the beginning of the year was $25.

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section: Chapter Questions
Problem 47CR
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If the annual rate of inflation is 4%, find the price
of a good at the end of a year if its price at the
beginning of the year was $25.
Select one:
O a. $20
O b. $24
O c. $26
O d. $30
O e. $35
Transcribed Image Text:If the annual rate of inflation is 4%, find the price of a good at the end of a year if its price at the beginning of the year was $25. Select one: O a. $20 O b. $24 O c. $26 O d. $30 O e. $35
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