If the rate of inflation is % per year and the average price of a car is currently $40,000, the average price after n years is . Compute the average price after 6 years. Round your answer to two decimal places.
A) $32,301.59
B) $49,170.21
C) $248,400.00
D) $45,937.01
E) $231,600.00

Question

If the rate of inflation is  % per year and the average price of a car is currently $40,000, the average price after n years is  . Compute the average price after 6 years. Round your answer to two decimal places.
A) $32,301.59 
B) $49,170.21 
C) $248,400.00 
D) $45,937.01 
E) $231,600.00

Quizplus · Accepted Answer

The Answer of If the rate of inflation is  % per year and the average price of a car is currently $40,000, the average price after n years is  . Compute the average price after 6 years. Round your answer to two decimal places.
A) $32,301.59 
B) $49,170.21 
C) $248,400.00 
D) $45,937.01 
E) $231,600.00

If the Rate of Inflation Is % Per Year