In Zimbabwe the rate of inflation hit 90 sextillion percent in 2009, with prices increasing tenfold every day. At that rate, how much would a $3,000 car cost two days later? Hint: Use the following equation to calculate future price:
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We are told that in Zimbabwe, the rate of inflation was so high that prices increased tenfold every day. We are asked to calculate the cost of a $3,000 car two days later at this rate of inflation. Show more…
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