Question

use the formula of inflation to find the prime of a movie ticket in 2005 if the inflation rate from 2000 to 2005 was 3.53%​

Answer 1

Answer:

$C = \ \,5.18$

Explanation:

Let assume that the movie ticket costed $ 5 in 2000. The formula of inflation rate is:

$\frac{C-\ \,5}{\ \,5} \times 100\,\% = 3.53\,\%$

The cost in 2005 is:

$C = \ \,5.18$