Mathematics, 21.02.2020 07:01 kasonlowery

Between 1998 and 2018, inflation for prices of goods and services has been about 51%, a factor of 1.51. Suppose a salon charged $18 for a basic haircut in 1998 and has been raising prices by a steady percentage each year to keep up with inflation.

What is the price of a haircut at the salon in 2008? Explain or show your reasoning.

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Between 1998 and 2018, inflation for prices of goods and services has been about 51%, a factor of 1....