8. For each of two successive years, bean prices
rose by 10%. At the beginning of the first
year, 1 kg of bean cost $20. At the end of the
second year, how many grams of bean, to the
nearest ten grams could be bought for $50?
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Answer:
t the end of one year, the price of 1kg of beans is (1+10%)(20)
= 1.10*20 = 22
at the end of year 2, the price of 1kg o= 1.10*22 = 24.2
So we can purchase 1KG of beans for $24.20.
Solving for KG/dollar 1KG/24.20 = (1/24.2)KG/dollar
$50(1/24.2)= 2.066116KG = 2.0661 gram
f beans is (1+10%)(22)
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