The Average Prices of Food Go Up by 20% in Airports

question 265

Multiple Choice

The average prices of food go up by 20% in airports.  If a meal at a restaurant normally costs $8, how much will it cost in the airport?

• A)$9.40
• B)$1.40
• C)$1.60
• D)$9.60

Understand and calculate the present value and future value of cash flows and annuities.

Evaluate the economic value of different payment offers to make informed financial decisions.

Apply different compounded interest rates over varying periods to determine the value of investments or loans.

Analyze the impact of different rates and compounding periods on the growth of savings and investment plans.

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Definitions:

Auxiliary HVAC Systems

Secondary heating, ventilation, and air conditioning systems installed in large vehicles or buildings for additional climate control.

Anti-idling Legislation

Laws or regulations aimed at reducing vehicle idle time to cut down on pollution and fuel consumption.

Tractor-Semi Trailer

A truck configuration where a towing engine (tractor) is connected to one or more trailers.

Overall Length

The total length of a vehicle or component from its furthest point at the front to its furthest point at the back.