The cost of manufactured goods is rising at the rate of inflation, or at about 2.3% 2.3 % . Suppose an item costs $12 $ 12 today. How much will it cost five years from now due to inflation? Round the answer to the hundredth.

$13.44

Step-by-step explanation:

Inflation is causing the manufactured goods to rise at 2.3% per year. The price in 5 years can be calculated using compound interest formula:

= 12 * ( 1 + 2.3%)⁵

= ‭13.444956907696116‬

= $13.44

(0,-3) see attached graph

step-by-step explanation:

a. to solve the system, graph the two equations.

x = y+3 becomes y=x-3 has m=1/1 and b=-3. start at (0,-3) on the y-axis and plot a point. then move up 1 unit and 1 unit to the right. plot a point and connect.

y=-4x+3 has m =-4/1 and b=-3. start at (0,-3) on the y-axis and plot a point. then move down four units and to the right 1 unit. plot a point and connect.

the solution is the point (x,y) where the two lines intersect. by the graph below it is (0,-3).

b. to solve by substitution, substitute y = -4x-3 into x= y+3

x= (-4x-3) +3

x=-4x

5x=0

x=0

now substitute x = 0 back in to find y.

y= -4(0)-3

y=0-3

y=-3

solution is (0,-3)

c. use elimination by adding the equations together.

x-y=3

4x+y=-3

5x=0

x=0

then substitute into one equation to find y.

y=-4(0)-3

y=-3