SOLUTION: You purchased a lawn tractor for $3750 and 1 year later you note that the cost has increased to $3900. Determine the inflation rate (as a percent) for the tractor

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Question 164417: You purchased a lawn tractor for $3750 and 1 year later you note that the cost has increased to $3900. Determine the inflation rate (as a percent) for the tractor
Answer by jojo14344(1513) About Me  (Show Source):
You can put this solution on YOUR website!

abs%28cost-increase%29%2Fcost*100%
abs%283750-3900%29%2F3750*100%
abs%28-150%29%2F3750*100%
0.04*100%
4%, ANSWER
Check,
3750%2B0.04%283750%29=3750%2B150=3900
thank you,
Jojo