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 in ation rate for the projected gasoline price for the next 3 years?

A. 3.23%
B. 3.33%
C. 5.33%
D. 3.00%
Answer» B. 3.33%


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