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anonymous

  • 5 years ago

the price of a 24 pounds of flour costing $1.50. use the inflation calc to see how much $1.50 in 1929 would cost today. then find our how much you would have to pay for 24 pounds of flour today.

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  1. amistre64
    • 5 years ago
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    ?? 1.50 costs 1.50 ??

  2. amistre64
    • 5 years ago
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    since we do not possess the inflation calculator, how are we sposed to answer this thing accurately?

  3. dumbcow
    • 5 years ago
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    we need the avg rate of inflation to do this i think its typically around 3or4 percent

  4. dumbcow
    • 5 years ago
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    ok if we assume inflation of 3% then price = 1.5*(1.03)^82 = 16.93 does that help

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