If the Annual Rate of Inflation Averages 7% Over the Next

question 72

Multiple Choice

If the annual rate of inflation averages 7% over the next 10 years,the approximate cost C of goods or services during any year in that decade is where t is the time in years and P is the present cost.The price of an oil change for your car is presently $25.45.Estimate the price 8 years from now.Round your answer to two decimal places. ​

• A)$27.23
• B)$43.73
• C)$217.85
• D)$27.17
• E)$255.37

---

Definitions:

Assertiveness

An individual’s capacity to make requests, actively disagree, express positive and negative personal feelings, and stand up for himself or herself without attacking another.

Amiable

A social style characterized by high responsiveness and low assertiveness. People with this style are considered relationship specialists; they enjoy working in supportive and helpful roles.

Effectiveness

The degree to which something is successful in producing a desired result or outcome.

Productivity

The effectiveness of productive effort, especially in industry, as measured in terms of the rate of output per unit of input.