From simple questions to complex issues, IDNLearn.com has the answers you need. Join our interactive community and get comprehensive, reliable answers to all your questions.

If prices increase 3% each year for 10 years, then a jacket that costs $70 today will cost $94.07 in 10 years. What is the percentage decrease in the buying power of currency over the 10-year period? (Round your answer to one decimal place.)

Sagot :

Answer:

34.4%

Step-by-step explanation:

Your presence in our community is highly appreciated. Keep sharing your insights and solutions. Together, we can build a rich and valuable knowledge resource for everyone. Find precise solutions at IDNLearn.com. Thank you for trusting us with your queries, and we hope to see you again.