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?
Find 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 the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
If f (x) = 1/2x, what is f (7.6) ?
Answers (1)
Kyle buys a dozen hamburger rolls for $1.29. What is the cost of each roll? Round to the nearest hundredth.
Answers (1)
Evelyn has a first name, 2 middle names, and a last name. In how many different ways could Evelyn arrange the initials of her name?
Answers (1)
Choose the correct graph of the function y = - 8 (2^x)
Answers (1)
Factor the expression over the complex numbers. x^2+20
Answers (1)
New Questions in Mathematics
Given the function: f (x) = 2x^ 3 - 3 2 x, find f ( - 4)). es
Answers (2)
Triangle MRN is created when an equilateral triangle is folded in half.
Answers (1)
The length of a rectangle is four times it's width. If the area of the rectangle is 324 ft.², find its perimeter
Answers (1)
Order the fractions from least to greatest. Type the number next to the fraction into the box for the position of the fraction in order. 1.45/90 first 2.5/9 second 3.3/10 third
Answers (1)
Evaluate the expression when b = - 6 and x=3. -x+56
Answers (1)