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Decide whether the following statement makes sense or does not make sense. Explain your reasoning. An 18th-century philosopher once said, "A penny saved is a penny earned," but if he were alive today, he would be talking about a dollar rather than a penny CHIED Choose the correct answer below. OA. The statement does not make sense. Due to inflation, a penny in the 18th century has less purchasing power than a penny today OB. The statement makes sense. Due to inflation, a penny in the 18th century has about the same purchasing power as a dollar today OC. The statement makes sense. Due to inflation, a penny in the 18th century has less purchasing power than a penny today. OD. The statement does not make sense. The value of a penny is always 1 cent.

Decide whether the following statement makes sense or does not make sense. Explain your reasoning. An 18th-century philosopher once said, "A penny saved is a penny earned," but if he were alive today, he would be talking about a dollar rather than a penny CHIED Choose the correct answer below. OA. The statement does not make sense. Due to inflation, a penny in the 18th century has less purchasing power than a penny today OB. The statement makes sense. Due to inflation, a penny in the 18th century has about the same purchasing power as a dollar today OC. The statement makes sense. Due to inflation, a penny in the 18th century has less purchasing power than a penny today. OD. The statement does not make sense. The value of a penny is always 1 cent.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter5: Linear Inequalities
Section: Chapter Questions
Problem 3PFA
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Decide whether the following statement makes sense or does not make sense. Explain your reasoning. An 18th-century philosopher once said, "A penny saved is a penny earned," but if he were alive today, he would be talking about a dollar rather than a penny Choose the correct answer below. A. The statement does not make sense. Due to inflation, a penny in the 18th century has less purchasing power than a penny today OB. The statement makes sense. Due to inflation, a penny in the 18th century has about the same purchasing power as a dollar today OC. The statement makes sense. Due to inflation, a penny in the 18th century has less purchasing power than a penny today. D. The statement does not make sense. The value of a penny is always 1 cent.
Transcribed Image Text:Decide whether the following statement makes sense or does not make sense. Explain your reasoning. An 18th-century philosopher once said, "A penny saved is a penny earned," but if he were alive today, he would be talking about a dollar rather than a penny Choose the correct answer below. A. The statement does not make sense. Due to inflation, a penny in the 18th century has less purchasing power than a penny today OB. The statement makes sense. Due to inflation, a penny in the 18th century has about the same purchasing power as a dollar today OC. The statement makes sense. Due to inflation, a penny in the 18th century has less purchasing power than a penny today. D. The statement does not make sense. The value of a penny is always 1 cent.
< Find the monthly interest payment in the situation described below. Assume that the monthly interest rate is 1/12 of the annual interest rate. You maintain an average balance of $1425 on your credit card, which carries a 12% annual interest rate. The monthly interest payment is $ (Type an integer or a decimal.) CLUD
Transcribed Image Text:< Find the monthly interest payment in the situation described below. Assume that the monthly interest rate is 1/12 of the annual interest rate. You maintain an average balance of $1425 on your credit card, which carries a 12% annual interest rate. The monthly interest payment is $ (Type an integer or a decimal.) CLUD
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