Asked by Mayl
Please help with this equation problem.
S=C(1+r/100)^5
To find the inflated cost S, in 5 years, where C is the current price of an item in the country of Afganistan currency which is 7,711.94 which is ($169.40 USD) and the inflated rate is 13% since the year 2007 in Afganistan, So how do I find the approximated inflated cost after 5 years.
S=C(1+r/100)^5
To find the inflated cost S, in 5 years, where C is the current price of an item in the country of Afganistan currency which is 7,711.94 which is ($169.40 USD) and the inflated rate is 13% since the year 2007 in Afganistan, So how do I find the approximated inflated cost after 5 years.
Answers
Answered by
Reiny
your formula is just the standard compound interest formula, so r = 13
S = 7711.94(1 + .13)^5
= 7711.94(1.842435)
= 14208.75
S = 7711.94(1 + .13)^5
= 7711.94(1.842435)
= 14208.75
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.