Between 2005 and 2010
,
the average rate of inflation was about 4.3
%
per year. if a cart of groceries cost $160

in 2005, what did it cost in 2010
?
a cart of groceries cost approximately nothing

in 2010
.

A cart of groceries that costed US$ 160 in 2005, costs US$ 197.49 in 2010 at an average rate of 4.3% of inflation.

Step-by-step explanation:

1. Let's review the data given to us for solving the question:

Cost of cart of groceries in 2005 = US$ 160

Period of inflation analysis = 5 years

Inflation average rate = 4.3 % compounded annually

2. Let's find the future value of the cost of a cart of groceries in 2010, using the following formula:

FV = PV * (1 + i) ⁿ

PV = Cost of cart of groceries in 2005 = US$ 160

number of periods (n) = 5 (Period of inflation analysis = 5 years)

Inflation average rate (i) = 4.3% = 0.043

Replacing with the real values, we have:

FV = 160 * (1 + 0.043) ⁵

FV = 160 * (1.043) ⁵

FV = 160 * 1.234302311

FV = 197.49 (Rounding to two decimal places)

Note : Same answer to question 14111742 answered by me.

17.08

correct me if i am wrong.

(0,,,0)

step-by-step explanation:

the table of x and y values is shown in the attached pic(part of question)

we have to decide according that graph

given points are (0, 0) (–1, 0), (2, 0)

when we graph these points on graph they show an increasing line as shown in the attached pic