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If the inflation rate is 3% per year, how much will a $100 item cost after one y

Practice Questions

Q1
If the inflation rate is 3% per year, how much will a $100 item cost after one year?
  1. $103
  2. $100
  3. $97
  4. $110

Questions & Step-by-Step Solutions

If the inflation rate is 3% per year, how much will a $100 item cost after one year?
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