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Mathematics 12 Online
OpenStudy (anonymous):

Which of the following salaries will have a purchasing power of $24,035 if the inflation rate is five percent? (Points : 1) $25,815 $27,523 $26,000 $25,300

OpenStudy (tkhunny):

"will have" When?

OpenStudy (tkhunny):

Let's just try one year. 25815*(1-0.05) = 24524.25 The next two will be even greater, so abandon them. 25300*(1-0.05) = 24035 Wee seem to have a winner. We still have an ill-defined problem statement.

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