Assignment:
Use S= C(1+r/100)^5 to find the inflated cost S, in 5 years, of an item, good or service, where C= (17,908.02 KRW) is the current price of that item in that country's currency (the South Korean Won) and where the inflation rate is r% = (4.1percent ). Choose any value of C, the current price of an item in that country's currency.
Provide complete and step by step solution for the question and show calculations and use formulas.