In Newtopia, inflation runs at 15%. A home entertainment unit currently sells for $2000.
A)How much would you expect it to cost in a year`s time?
B)How much would you expect it to cost in two year`s time?
a. 2000(1.15)
b. 2000(1.15)^2
A)How much would you expect it to cost in a year`s time?
B)How much would you expect it to cost in two year`s time?
b. 2000(1.15)^2