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

Find the Area of a square tablecloth with 42.5-inch sides.

You start with $285 in your account and withdraw $15 a week. Write a linear function for this situation.

The climax of a story includes?

Imagine you lived in Nazi Germany during WW2. Write a journal entry of what it was like to live there. 100! POINTS

anybody know anything about the artist Barbara Kruger I have to write a 500-700 word article about her anything any information can be helpful. thank youif you

Question 10 (Mandatory) (2 points) Patrick borrows $1400 from a bank with 10% simple interest each year. How much will Patrick need to pay back in total in 2 ye

3[10-(27÷9) HELP PLEASE

Solutions for tsunamis

What is the equation of the line that passes through the points (-4, -6) and has an undefined slope

helppppp mee plz i neeed help