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Find the effect of inflation on a price

Question 1 of 8

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The current price of a sandwich from the deli is $6.45

Assume it rises with inflation by 4% in the first year and 2% in the second year

Give your answer to the nearest cent

(a)1 mark

What will the price be after 1 year?

(b)1 mark

Find the price after 2 years