SOLUTION: Suppose the inflation rate will be 4.5% for the next 12 years. What will a dozen large brown eggs cost in 9 years if it costs $2.25 toda

SOLUTION: Suppose the inflation rate will be 4.5% for the next 12 years. What will a dozen large brown eggs cost in 9 years if it costs $2.25 toda

Algebra.Com

Question 993819: Suppose the inflation rate will be 4.5% for the next 12 years. What will a dozen large brown eggs cost in 9 years if it costs $2.25 toda
Answer by addingup(3677) (Show Source): You can put this solution on YOUR website!
2.25(1+0.045)^9=
2.25(1.045)^9=
2.25(1.4861)= 3.34

RELATED QUESTIONS
The function C(t)=C0(1+r)t models the rise in the cost of a product that has a cost of C0 (answered by ikleyn)

The function C(t)=C(1+r)t models the rise in the cost of a product that has a cost of C... (answered by Boreal)

If there was a 6% inflation rate for the next 20 years, a ₹100 purchase today will... (answered by jorel555)

If a softcover textbook cost $90 at the bookstore now, what will be the approximate cost... (answered by rfer)

Assuming continuous compounding, what will it cost to buy a $35 item in 2 years at the... (answered by stanbon,Alan3354)

If the annual rate of inflation averages 5% over the next 10 years, then the approximate... (answered by jorel1380)

Ten years ago, an item cost $2,500. The rate of inflation for the first 4 years was 4%,... (answered by ikleyn)

If the inflation rate is 3%, how much will a house now worth $ 510,000 be worth in 5... (answered by ankor@dixie-net.com)

Inflation causes things to cost more, and for our money to buy less (hence your... (answered by josmiceli)