document.write( "Question 1041132: Percentages\r
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document.write( "5. From 1982 to 2012, the cumulative U.S. inflation rate was 95%. In 2012, the average price of a decent burger, fries, and a drink was $8.75. Find the equivalent price in 1982 dollars.\r
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Algebra.Com's Answer #656059 by jorel555(1290)![]() ![]() ![]() You can put this solution on YOUR website! If the cumulative inflation rate is 95% over a certain period, then goods sold at the end of that period are 1+.95 times what they were at the beginning. Thus: \n" ); document.write( "8.75=(1+.95)n \n" ); document.write( "n=8.75/1.95 \n" ); document.write( "n=$4.49 was the price in 1982 (Too bad you can't go back!!!!) ☺☺☺☺ \n" ); document.write( " |