If the Annual Rate of Inflation Averages Over the Next

question 141

Multiple Choice

If the annual rate of inflation averages 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 . Find the rate of change of C with respect to t when . Round your answer to three decimal places. ​

• A) 31.421 dollars per year
• B) 1.324 dollars per year
• C) 1.460 dollars per year
• D) 3.997 dollars per year
• E) 32.876 dollars per year

---

Definitions:

Corporate Profits Tax

A tax imposed on the net income or profit earned by corporations, which can affect investment decisions and economic growth.

Individual Income Tax Returns

Forms submitted by individuals to report income, calculate taxes owed, and determine eligibility for tax refunds.

Corporate Profits Tax

A levy placed on the profit of a firm, with different rates used for varying levels of profit.

Individual Income Tax Rate

The percentage at which an individual's earned income is taxed by the government, which can vary depending on the level of income and other factors.