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ohhnana
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Homework Statement
Inflation is currently causing the cost of items to increase by about 2.5% per year. In 2009 a litre of gasoline costs approximately $0.90. What will it cost to fill a 60 litre gas tank 10 years from now? Round your answer to the nearest dollar.
Homework Equations
A=A0(1+i)^n
The Attempt at a Solution
C=.90+.025*10(.90)