Determining the fuel consumption

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Reference no: EM131810589

An automaker has a car that gets 10 kilometers per liter of gasoline. Gas prices will increase 12% per year, compounded annually, for the next 8 years. The manufacturer believes that the fuel consumption for its new cars should decline as fuel prices increase to keep the fuel costs constant. To achieve this, what must be the fuel rating, in kilometers per liter, of the cars 8 years hence?

Reference no: EM131810589

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