Respuesta :
Answer:
the weekly grocery bill in 4 years is $486.2025
Explanation:
The computation of the weekly grocery bill in four years is shown below:
= Estimated amount × (1 + rate of interest)^number of years
= $400 × (1 + 0.05)^4
= $400 × 1.21550625
= $486.2025
hence, the weekly grocery bill in 4 years is $486.2025
We simply applied the above formula so that the correct value could come
And, the same is to be considered
The weekly grocery bill of Patty Shoemaker in the next four years would be $486.2025.
The estimated grocery bill is $400 with an inflation rate of 5% or 0.05.
The computation of grocery bill after four years would be as follows:
[tex]400* (1 + 0.05)^4\\=486.2025[/tex]
Here, the value is derived by adding the rate of interest in 1 and then multiplying it with the power of 4 and finally multiplying the value with the estimated grocery bill.
Learn more about inflations and bills here:
https://brainly.com/question/14450774
