One silly little formula worth Trillions
Thank you for providing the initial cost of products in 1900, which is 5 cents. Now, let's calculate the budget for the year 2024 based on a 2 percent annual change from 1900 to 2024: 1. Start with 5 cents in 1900. 2. Apply a 2 percent annual increase. Let's calculate: Year 1900: 5 cents Year 2024 = 5 cents * (1 + 0.02)^124 Calculating this, the budget for 2024 based on your formula is approximately $2.12. Please note that this is a simplified calculation and doesn't take into account various economic factors that can affect inflation or deflation rates. However the actual market cost of a can of cola didn't change until 1959. Fascinating market trends. Are we following yet?