Question: In 1885, first class postage for a one ounce letter cost $0.02. The same postage in 2021 costs $0.58. Please calculate your answer to 5

In 1885, first class postage for a one ounce letter cost

In 1885, first class postage for a one ounce letter cost $0.02. The same postage in 2021 costs $0.58. Please calculate your answer to 5 decimal places using this format: 0.00000. What compounded annual increase in the cost of first class postage has been experienced over this period of time

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