The rate of inflation measures the percentage increase in the price of consumer goods. The rate of inflation in the year 2014 was 2% per year. To get a sense of what this rate would mean in the long run, let's suppose that it persists through 2034. What would be the cost in 2034 of an item that costs $100 in 2014? (Round your answer to the nearest cent.)
$

148.59

Step-by-step explanation:

Inflation is kind of similar to interest and with that bieng said we can (kind of ) use the same formula

the time between 2034 and 2014 is 2034-2014= 20

100(1.02)²⁰=148.5947396

which we can round to 148.59

step-by-step explanation:

which of the following statements correctly describes the expression below based on its degree and number of terms?

314 - 7x2 + 11

0.16 or 16%

step-by-step explanation:

lets take a coin for example.

if you toss it twice, it has a 1/4 chance of landing on heads both times because 1/2 * 1/2 is 1/4.

with the cards, the chance of picking dog is 0.4. having two people pick one is like picking a card twice in a row. so 0.4 * 0.4 is 0.16, or 16%