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Q. |
The current gasoline price is $4.15, and it is projected to increase next year by 5%, and 8% the following year, and -3% the third year. What is the average inflation rate for the projected gasoline price for the next 3 years? |
A. | 0.0323 |
B. | 0.0333 |
C. | 0.0533 |
D. | 0.03 |
Answer» A. 0.0323 |
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