The cost of a well-equipped F-150 truck was $29,350 three years ago. If the cost increased only

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The cost of a well-equipped F-150 truck was $29,350 three years ago. If the cost increased only by the inflation rate and the price today is $33,015, the inflation rate over the 3-year period was closest to:

(a) 3%

(b) 4%

(c) 5%

(d) 6%

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Engineering Economy

ISBN: 978-0073523439

8th edition

Authors: Leland T. Blank, Anthony Tarquin

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