Inflation has been running 6% per year. A car now costs $32,000. How much would it have cost 9 years ago? a.None of these b.$19,090.75 c.$18,335.83 d.$18,940.75 e.$18,940.00

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 14E
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Inflation has been running 6% per year. A car now costs $32,000. How much would it have cost 9 years ago?

a.None of these

b.$19,090.75

c.$18,335.83

d.$18,940.75

e.$18,940.00

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