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August 29, 2015

Homework Help: Algebra II

Posted by Anonymous on Thursday, May 20, 2010 at 4:34pm.

Growth and Decay

Dave bought a new car 8 years ago for $8400. Tobuy a new car comparably equipped now would cost $12,500. Assuming a steady rate of increase, what was the yearly rate of inflation in car prices over teh 8-year period?

Is there an equation and could someone post the answer and (if someone could post the steps)?

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