The rate of inflation in the fictional land of Sardonia is such that the price of a car costing 27 comma 00027,000 dollars in U.S. currency will double in ninenine years. What is the annual rate of​ inflation? What will be the price of this car in sixsix ​years?

Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter2: Equations, Inequalities, And Problem Solving
Section2.S: Summary
Problem 8S: What interest rate would you need to get to double an investment of 200 in eight years?
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The rate of inflation in the fictional land of Sardonia is such that the price of a car costing

27 comma 00027,000

dollars in U.S. currency will double in

ninenine

years. What is the annual rate of​ inflation? What will be the price of this car in

sixsix

​years? 

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