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An automaker has a car that gets 10 kilometers per liter of gasoline. Gas prices will increase 10% per year, compounded annually, for the next
An automaker has a car that gets 10 kilometers per liter of gasoline. Gas prices will increase 10% per year, compounded annually, for the next 10 years. The manufacturer believes that the fuel consumption for its new cars should decline as fuel prices increase to keep the fuel costs constant. To achieve this, what must be the fuel rating, in kilometers per liter, of the cars 10 years hence?
Correct Answer is 25.94. How do I get it?
a. 14.69 | ||
b. 17.91 | ||
c. 25.94 | ||
d. 24.76 |
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