If the inflation rate is 8% per annum, how much will a $200 item cost after one

Practice Questions

Q1
If the inflation rate is 8% per annum, how much will a $200 item cost after one year?
  1. $216
  2. $220
  3. $224
  4. $228

Questions & Step-by-Step Solutions

If the inflation rate is 8% per annum, how much will a $200 item cost after one year?
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