SOLUTION: If a softcover textbook cost $90 at the bookstore now, what will be the approximate cost in 10 years? (Assume an average inflation rate of 5%) Show work. A. $181 B $270 C.$148

SOLUTION: If a softcover textbook cost $90 at the bookstore now, what will be the approximate cost in 10 years? (Assume an average inflation rate of 5%) Show work. A. $181 B $270 C.$148

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Question 951493: If a softcover textbook cost $90 at the bookstore now, what will be the approximate cost in 10 years? (Assume an average inflation rate of 5%) Show work.
A. $181
B $270
C.$148
D.$135
E. none
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
A=90(1.05)^10
A=90(1.62889)
A=146.60
Approx cost $148
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