SOLUTION: An item presently costs P 1,000. If the inflation rate is 8% per year, which of the following will be
the cost of the item in 2 years?
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Question 1199374: An item presently costs P 1,000. If the inflation rate is 8% per year, which of the following will be
the cost of the item in 2 years?
Answer by ikleyn(52790) (Show Source): You can put this solution on YOUR website!
.
In two years, the cost of the item will be
= = 1000*1.1664 = 1166.40 monetary P-units. ANSWER
Solved.
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- Inflation and Salary problems
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