The rate of inflation is 3%. The cost of an item in future years can be found by iterating the function c (x) = 1.03x. Find the cost of a $1500 refrigerator in three years if the rate of inflation remains constant.
Select one:
a. $1645.00
b. $1545.00
c. $1639.09
d. $1539.99
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The rate of inflation is 3%. The cost of an item in future years can be found by iterating the function c (x) = 1.03x. Find the cost of a ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
When might recording numbers using scientific notation be preferred over using standard notation?
Answers (1)
What is the volume of a sphere if the radius is 6.3? Use 3.14 for pi. Round your answer the the nearest two decimal places.
Answers (2)
Which of these figures must be a rectangle? O A. A parallelogram with at least one right angle B. A parallelogram with four congruent sides C. A trapezoid with at least one right angle D. A trapezoid with two congruent sides SUF
Answers (1)
Is x + 8 equivalent to 7x + 4 + 5 x - 1
Answers (1)
4,8,16,24 - what are the next two terms in this pattern?
Answers (1)
New Questions in Mathematics
What's the vertex for y=2x^2-12x+19
Answers (1)
What is the decimal of 1/2 percent
Answers (2)
The equation above can be used to calculate the volume V, of a pyramid with a height h and base with length l and width w. If the volume of a pyramid is 81inches^3, and l=w=3h, what is the length of the base of the pyramid in inches?
Answers (2)
What is the relationship between the decimals 0.09 and 0.9
Answers (2)
A group of winning ticket holders share equally 90,000,000 lottery. Before the money is divided, three more winning ticket holders are declared. As a result, each persons share is reduced to 5,000,000.
Answers (1)