document.write( "Question 934185: If a car costs $10,000 today, and the CPI calculates an inflation rate of 3% this year, how much will the car cost one year from now? \n" ); document.write( "
Algebra.Com's Answer #569124 by ptfile(81)\"\" \"About 
You can put this solution on YOUR website!
Inflation Rate = ((Final Value - Initial Value)/Initial Value)(100)
\n" ); document.write( " 3 = ((Final Value - 10000)/10000)(100)
\n" ); document.write( " .03 = (Final Value - 10000)/10000
\n" ); document.write( " 300 = Final Value - 10000
\n" ); document.write( " 10300 = Final Value\r
\n" ); document.write( "\n" ); document.write( "The car will cost $10,300 on the next year.
\n" ); document.write( "
\n" ); document.write( "
\n" );