Mathematics, 27.01.2021 18:20 sukiyoshi10

When inflation causes the price of an item to increase, the new cost C and the original cost c are related by the formula C = c(1 + r)”, where r is the rate of inflation per year as a decimal and n is the number of years. What would be the price of a $2000 item after six months of 5% inflation?

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When inflation causes the price of an item to increase, the new cost C and the original cost c are r...