Solved

Solve. -Susan Purchased a Painting in the Year 2000 for $3000

Question 38

Multiple Choice

Solve.
-Susan purchased a painting in the year 2000 for $3000. Assuming an exponential rate of inflation of 3.8% per year, how much will the painting be worth 7 years later?


A) $7812.90
B) $9176.03
C) $4891.02
D) $3914.21

Correct Answer:

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