The current gasoline price is $4.15, and it is projected to increase n – McqOptions

MCQOPTIONS

1.	The current gasoline price is $4.15, and it is projected to increase next year by 5%, and 8% the following year, and -3% the third year. What is the average inﬂation rate for the projected gasoline price for the next 3years?
A.	0.0323
B.	0.0333
C.	0.0533
D.	0.03
Answer» B. 0.0333

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