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

which equations are equivalent to z+(z+6)

Amplitude of y=-3sin5x

The Pope can best be described as 1. wise 2. thoughtful 3. intimidating 4. foolish

Who is the president of Nigeria

Discuss the similarities and differences between book painting and wall painting.

The appointed George Washington to head the colonial army and signed the Declaration of Independence to formally break with England.

(-2/7) (5/-8) please solve.

What is the mass of 3.2 moles of h2O ?

Help plz ,I’m having some difficulties

a trader bought 5 apples,7 oranges,5 pawpaw fruit,10 pineapples and 3 guava fruit to the market for sale.find the probability that he sold all the pineapple?