Question

Stuff used to cost $712 eight years ago. If inflation has been 2.2%, how much does it cost today?

a
$730.72
b
$837.31
c
$1026.80
d
$847.40

Answer 1

Pretty sure it’s A? I’m not that good at math, and i haven’t done percentages for a long time so I hope this helped and good luck

Answer 2

Answer:

It is none of these.

I believe I am doing this right. But if you are doing 2.2% inflation per year, then you do 712+125.312. But if it is just one big inflation package, then it is 727.64