document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1110745>Question 1110745</A>: <I><SPAN STYLE=\"word-break: break-all;\"> the cost of a gallon of gas increases from $1.46 to $3.53 over a period of 10 years. Use the formula r=(FP)1/n-1 to find the annual inflation rate r to the nearest tenth of a percent, where n is the number of years during which the value increases from P to F<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #837693 by </B><A HREF=/tutors/aboutme.mpl?userid=mananth><B>mananth(16946)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=mananth><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=mananth><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=837693\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Using the given formula, we can find the annual inflation rate:\r<BR>\n" );
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document.write( "r = (F/P)^(1/n) - 1\r<BR>\n" );
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document.write( "where P is the initial price ($1.46), F is the final price ($3.53), and n is the number of years (10).<BR>\n" );
document.write( "Plug the values use calculator\r<BR>\n" );
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document.write( "r = (3.53/1.46)^(1/10) - 1<BR>\n" );
document.write( "r = 1.140 - 1<BR>\n" );
document.write( "r = 0.140\r<BR>\n" );
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document.write( " the annual inflation rate for the price of gas is approximately 14.0%.<BR>\n" );
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