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PLEASE HELP!!!! 15 points if right!!! Due to inflation, a fixed quantity of money can buy 5% less every year. If Bryce has enough in his wallet to buy 87 movie tickets right now…

PLEASE HELP!!!! 15 points if right!!! Due to inflation, a fixed quantity of money can buy 5% less every year. If Bryce has enough in his wallet to buy 87 movie tickets right now…
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1 vote
PLEASE HELP!!!! 15 points if right!!!

Due to inflation, a fixed quantity of money can buy 5% less every year. If Bryce has enough in his wallet to buy 87 movie tickets right now, how many movie tickets could the same amount of money buy in 16 years?

asked
User Love
by
8.3k points

1 Answer

5 votes
5% x 16 years is 80. 87+ 80% is 156.6.
answered
User Jason Antman
by
8.5k points
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