Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If it cost $3 to fill a gas tank in 1970, how much of the same tank could be filled with $3 in 2010?

 

If it cost $3 to fill a gas tank in 1970, how much of the same tank could be filled with $3 in 2010? About of the same tank could be filled. Average Gasoline Prices (per gallon) Price as a Percentage Price Index Year Price 1960 $0.31 of 1990 Price (1990-100) 25.2% 25.2 1970 $0.36 29.3% 29.3 1980 $1.22 99.2% 99.2 1990 $1.23 100.0% 100.0 2000 $1.56 126.8% 126.8 2010 $2.84 230.9% 230.9 (Type an integer or decimal rounded to two decimal places as needed.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Statistical Reasoning for Everyday Life

Authors: Jeff Bennett, Bill Briggs, Mario F. Triola

4th edition

978-0321817747, 321817745, 978-0321890139, 321890132, 321817621, 978-0321817624

More Books

Students also viewed these Mathematics questions