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

To understand the experiment that led to the discovery of the photoelectric effect. In 1887, Heinrich Hertz investigated the phenomenon of light striking a meta

what could have been done by the international community to prevent WW2 and the rise of hitlers regime?

What are some of the things that came from Europe, Asia, and Africa to the American continent? out of strawberries coffee wheat sunflowers

my entry test is coming soon i prepard my exams maths english

which type of cloud is show in this image

What is 841,487 rounded to the nearest ten thousand?

Please someone help and working would be great!

Which statement best describes how thses lines reflect the same of the poem?

What is the median for the following scores for Mr.smiths first test? 55,42,78,99,69,83,74,83,97

Plsssssssssssss help c++..........