At a 3% rate of inflation, how much will a $2.80 half gallon of ice cream cost in 47 years?

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 26E
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The answer is $ 11.23 , I need to see steps how to get that a

8. At a 3% rate of inflation, how much will a $2.80 half gallon of ice cream cost in 47
years?
# 11.23
Transcribed Image Text:8. At a 3% rate of inflation, how much will a $2.80 half gallon of ice cream cost in 47 years? # 11.23
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