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If we assume that the annual rate of inflation were to remain steady at 3.4%, and particular item costs $45 now, what would this suggest we would be paying for the same item in …

If we assume that the annual rate of inflation were to remain steady at 3.4%, and particular item costs $45 now, what would this suggest we would be paying for the same item in …
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18 votes
If we assume that the annual rate of inflation were to remain steady at 3.4%, and particular item costs $45 now, what would this suggest we would be paying for the same item in a year?

asked
User Matheus Cuba
by
8.5k points

1 Answer

10 votes

Answer:

$46.53 and $49.75

Explanation:

answered
User Minglyu
by
7.7k points
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