The median cost to air condition a house in Florida during the summer last year was $1,870. This year the median cost to air condition the same house is $1,950. Find the rate of inflation.

4.3%

4.2%

4.0%

4.1%

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Guest

21 October, 01:00

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Answers (1)

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John Hart · Answer 1

The inflation is 1,950-1870=80

if 1870 is the 100% 80 is the x%

1870/100=80/x

x=100 (80) / 1870

x=8000/1870

x=4.27

but you can round it to 4.3

The median cost to air condition a house in Florida during the summer last year was $1,870. This year the median cost to air condition the same house is $1,950. Find the rate of inflation.4.3%4.2%4.0%4.1%