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25 November, 12:04

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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  1. 25 November, 12:24
    0
    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
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