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Find the effect of inflation on a price

Question 1 of 8

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A dozen eggs is priced at $5.18 today

Assume it rises with inflation by 3% in the first year and 6% 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

Calculate the price 2 years from now