Benysod9338 Benysod9338

02-05-2018
Mathematics

contestada

If prices increase at a monthly rate of 1.1%, by what percentage do they increase in a year, What is the annual inflation rate

Respuesta :

CastleRook CastleRook

11-05-2018

Suppose
P0=$1
A=P(1+r)^(td)
A=1(1+0.011)^12
A=1(1.011)^12
A=$1.1403

Yearly increase will therefore be 14.03%. Hence the inflation per year is 14.03%

Answer Link

Otras preguntas

Write one sentence using the two adverbs? Really, probably.

please help me with this page maybe extra points given

Determine whether the graphs of the given equations are parallel, perpendicular, or neither. y=x+11 y=-x+2

which expressions are equivalent to 16^x/4^x

The geological theory that states that the pieces of Earth's surface are in the constant, slow motion is

estimate 5,738,055×32

Draw two different shapes, each with an area of 6 square units and a perimeter of 12 square units

The United States became involved in World War II primarily because of events in

In H. G. Wells's The Time Machine, what does the Time Traveller bring back from the future? Weena a giant crab two flowers camphor

what does Antidisestablishmentarianism mean