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

The book ends with the same quote it began with - " in the midst of life there is death." But, crispin, can't you see the new truth we've made? In the midst of

what is the weight (in newtons) of a bowling ball that has a mass of 3 kilograms?

1.2 explain how communication affects relationships in the work setting

Select the answer that best completes this sentence: Mi amigo es _______ y divertido. rosa cómico dos amarillo

41.073 rounded to nearest tenths

What mistakes did Patrick Henry make?

In the United States a notable hang glider flight was a 303 mile, 8 1/2 hour flight from new york to Kansas. What was the average rate during that time?

Carolyn leaves at 2:15 and drives 40 miles per hour. Marcel leaves at 2:45 and drives at 65 miles per hour. If they are traveling the same route, at what time w

what's equivalent to this

when citing sources for direct quotes, the only two things you need to include in a parenthetical citation are the author and the page number