Mathematics, 29.08.2020 02:01 kodarae2501
Between 1998 and 2018, inflation for prices of goods and services has been about 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.
1. What is the price of a haircut at the salon in 2008? Explain or show your reasoning.
2. In 2003, the salon charged $19.95 for a basic haircut. Find the cost of the basic
haircut in 2013. Explain your reasoning,
Answers: 2
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Between 1998 and 2018, inflation for prices of goods and services has been about 51%.
Suppose a sal...
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