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If the inflation rate increases from 2% to 4%, how much more will a $100 item co

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Question: If the inflation rate increases from 2% to 4%, how much more will a $100 item cost after one year?

Options:

  1. $2
  2. $4
  3. $6
  4. $8

Correct Answer: $4

Solution: 

Cost after 2% inflation = 100 * 1.02 = $102; Cost after 4% inflation = 100 * 1.04 = $104; Difference = $104 - $102 = $2.

If the inflation rate increases from 2% to 4%, how much more will a $100 item co

Practice Questions

Q1
If the inflation rate increases from 2% to 4%, how much more will a $100 item cost after one year?
  1. $2
  2. $4
  3. $6
  4. $8

Questions & Step-by-Step Solutions

If the inflation rate increases from 2% to 4%, how much more will a $100 item cost after one year?
  • Inflation Calculation – Understanding how to calculate the future cost of an item based on a given inflation rate.
  • Percentage Increase – Recognizing how to apply percentage increases to determine the new price of an item.
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