Solve the Problem. -The 2006 Price of a Certain Type of Car Is

question 175

Multiple Choice

Solve the problem.
-The 2006 price of a certain type of car is $24,700. Estimate the price of the same car in the year 2020. Assume a constant annual inflation rate of 2.2%. Give a number of significant figures consistent
With the 2006 price given.

• A)$34,837.17
• B)$33,497.28
• C)$32,307.60
• D)$32,157.39

---

Definitions:

Standardization

Entails the process of implementing and developing technical standards to optimize compatibility, safety, repeatability, or quality.

Delegate

To assign responsibility or authority from one person to another, often from a superior to a subordinate.

Routine Tasks

Predictable and repetitive activities that are essential to daily operations but require minimal decision-making.

Discretion

The quality of behaving or speaking in such a way as to avoid causing offense or revealing private information; the ability to make responsible decisions.