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

Solve the equation 4(h+1.5)=-6 What does H equal?

How many years did it take for America to establish its 13 colonies? 75 years 90 years 110 years 125 years

how to spell a hard word!

Find the measure of the missing ANGLE. 30 degrees 35 degrees 50 degrees 55 degrees

With huge amounts of money being invested in securities during the longest and biggest bull market in American history, who became involved in joining the feedi

X-4.6y=-9.8 -X+4.8y=10.4

At standard temperature and pressure, what is the volume of one mole of gas? A. 22.4 liters B. 0.0821 liters C. The same as the molar mass of the gas D. The pr

please help me i need this done today report cards are coming out this Friday i tried solving them but i can't please help mee

Find the common ratio (r) of a geometric progression with first term as -4 and second term as 6.

Pls help me! Thanks a lot