If the inflation rate is 3% and a product costs $100 today, what will be its cos

Practice Questions

Q1
If the inflation rate is 3% and a product costs $100 today, what will be its cost in one year?
  1. $102
  2. $103
  3. $104
  4. $105

Questions & Step-by-Step Solutions

If the inflation rate is 3% and a product costs $100 today, what will be its cost in one year?
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