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Inflation rate 2007-12-14
From cassie:
In 1972, Bob could fill his car with gasoline at a cost of $3.00. In 2007 it cost him $45.00 to fill his car. From 1972 to 2007, what is the annual inflation rate for gasoline? How does this inflation rate change when you change the cost to $0.25 per gallon in 1972 to $3.20 per gallon in 2007?
Answered by Stephen La Rocque.
 
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