2nd Edition

ISBN: 9781264186440

Author: sobecki

Publisher: MCG

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Chapter 1.4, Problem 3A

Name ____________________________________________________________

Due to a variety of factors including fuel prices and adverse weather patterns, the cost of many groceries is expected to increase by as much as 5% per year. Let’s illustrate the effects on consumers using the example of a frozen pizza that currently costs $5.60.

If the pizza goes up by 5% again the following year, fill in each blank to complete the calculation you’d use to find the price after two 5% increases. 5.60 ( 1. □ □ ) □

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Chapter 1.4, Problem 2A

Chapter 1.4, Problem 4A

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Solution Summary: The author explains that the initial cost of pizza is 5.60 and the rate of increase is 5%.

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