Inflation is a measure of the buying power of your dollar. For example, if inflation this year is 5%, then a given item would be expected to cost 5% more at the end of the year than at the beginning of the year. The figure below shows the rate of inflation in the United States for the given years. It is a fact that in 1949, the rate of inflation in the United States was negative, and the value was −2%. If a man's suit cost $110 at the beginning of 1949, what did it cost at the end of 1949? At the end of 1949, the suit cost $   .

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Q: Today, a typical family of four spends $897.20/month for food.† If inflation occurs at the rate of…

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Q: At a supermarket, the price of yellow onions dropped from $0.57 per pound to $0.43 per pound.   (a)…

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Q: Suppose that you have $15,000 in a rather risky investment recommended by your financial advisor.…

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Q: 6) Approximately how long will it take for $10000 to become $20000 at 4%. ||

A: The solution is given below

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Q: Suppose that your income is $28,600 per year and you receive a cost-of-living raise each year. If…

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Q: 4. In 1965, the federal debt of the US was about $322.2 billion. During the next 30 years, the debt…

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Q: The library at a certain university reported that journal prices had increased by 160% over a period…

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Q: . If a $28,700 salary is increased 5 percent each year to keep ahead of inflation, what will this…

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Equations and Inequations

Equations and inequalities describe the relationship between two mathematical expressions.

Linear Functions

A linear function can just be a constant, or it can be the constant multiplied with the variable like x or y. If the variables are of the form, x2, x1/2 or y2 it is not linear. The exponent over the variables should always be 1.