Between 1998 and 2018, inflation for prices of goods and services has been about 51%. Suppose a salon charged $18 for a basic haircut in 1998 and has been raising prices by a steady percentage each year to keep up with inflation.

$22.12

Step-by-step explanation:

I just did the compound interest formula which is

starting amount * (1. interst rate) ^ number of years

example if you have 100$ and you want to know how much it is worth if it appretiates by 7% of a period of 20 years it would look something like this;

100 * (1.10) ^20 = 672.74$

but since you have to figure out what it was in 2008 which was exactly half way in the period you divide the exponent by half so your formula should be;

I know the answer is right because I asked my teacher and it's correct.

REAL EXAMPLE: 18 * (1.51) ^.5 = 22.12$

step-by-step explanation:

i think something is missing in your question because y-1=(x-12) would not pass through the point (-4,-3). because if you replace x by -4 your are supposed to find y=-3 which is not the case her. if you replace x by -4 you find =-15.

i assume the right equation is y-1=1/4*(x-12) because this one is passing through both your points (if you are interested to know how i found that out i can tell you).

in this equation if i replace x by -4 i find y=-3 and if i replace x by 12, i find y=1 so the line representing this equation is passing through those 2 points.

then the standard form of the equation is finding an expression of y in function of x

y-1=1/4*(x-12)

y=x/4-3+1

y=x/4-2

hope that .

do you confirm there was a mistake in the question?