Mathematics, 17.09.2021 01:00 joelpimentel

Suppose that inflation is 2.5% per year. This means that the cost of an item increases by 2.5% each year. Suppose that a jacket cost $100 in the year 2017. How long (in yr) will it take for the jacket to cost $400? Round your answer to the nearest year.

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Suppose that inflation is 2.5% per year. This means that the cost of an item increases by 2.5% each...

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