The price of a Wendy's Bacon Cheeseburger is $.99, the same as it was five years ago. Had the price of this sandwich increased at the same 3% annual rate as U.S. consumer prices did over the last five years, what would its price be today?
A) $1.15
B) $1.02
C) $1.12
D) $1.22
E) $ .84
A
Business
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