artursino
15.04.2020 •
Mathematics
Between 1998 and 2018, inflation for prices of goods and services has been about 51%. Suppose a salon charged $18 for a basic haircut in 1998 and has been raising prices by a steady percentage each year to keep up with inflation. What is the price of a haircut at the salon in 2008? Explain or show your reasoning. In 2003, the salon charged $19.95 for a basic haircut. Find the cost of the basic haircut in 2013. Explain your reasoning.
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