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If the Annual Rate of Inflation Averages 7% Over the Next

Question 72

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If the annual rate of inflation averages 7% over the next 10 years,the approximate cost C of goods or services during any year in that decade is If the annual rate of inflation averages 7% over the next 10 years,the approximate cost C of goods or services during any year in that decade is   where t is the time in years and P is the present cost.The price of an oil change for your car is presently $25.45.Estimate the price 8 years from now.Round your answer to two decimal places. ​ A) $27.23 B) $43.73 C) $217.85 D) $27.17 E) $255.37 where t is the time in years and P is the present cost.The price of an oil change for your car is presently $25.45.Estimate the price 8 years from now.Round your answer to two decimal places. ​


A) $27.23
B) $43.73
C) $217.85
D) $27.17
E) $255.37

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