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Provide an Appropriate Response

Question 2

Multiple Choice

Provide an appropriate response.
-Inflation is causing prices to rise at a rate of 9% per year. Use the approximate double time formula to determine what the price will be in 11 years if the item costs $100 today.


A) $533.06
B) $313.83
C) $266.53
D) $109.32

Correct Answer:

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