Provide an Appropriate Response

question 3

Multiple Choice

Provide an appropriate response.
-Inflation is causing prices to rise at a rate of 6% per year. Use the exact double time formula to determine what the price will be in 4 years if the item costs $100 today.

• A)$100.24
• B)$126.25
• C)$100.28
• D)$100.06

---

Definitions:

\(n ^ { 2 }\)

A notation denoting a number "n" raised to the power of 2, representing the square of n.

\(n ^ { 3 }\)

Refers to cubing a number, which is raising a number to the power of three or multiplying the number by itself twice.

\(8 !\)

The factorial of 8, which is the product of all positive integers less than or equal to 8, calculated as \(8 \times 7 \times 6 \times 5 \times 4 \times 3 \times 2 \times 1\).

\(11 !\)

Denotes the factorial of 11, which is the product of all positive integers from 1 to 11, calculated as \(11! = 11 \times 10 \times 9 \times ... \times 1\).