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

HELP PLZZZ FAST.......List five interesting facts about George Champlin Sibley

Why do populations rise or fall in particular places?

ILL GIVE BRAINLIEST! write this in Spanish-- Hello new neighbor! The first thing you must do to reach your new home is cross over the Lelie bridge. After that,

p divided by 8.2 = 9.3 who is smart

Convert the temperature from degrees Fahrenheit to degrees Celsius, using the formula

13. Velocity is the rate of change of ____________ of an object. 14. Acceleration is the rate of change of ____________ of an object. 15. What is the difference

Daniel’s doctor told him that 63 pounds of his total body weight is water. If the water represents 70% of his total weight, how much does he weigh?

Describe a Karez in your own words.

Is this a metaphor or simile “the sky was the color of the calm pacific thousands of miles from land”

Read this paragraph from The Diary of a Young Girl.(20 points) A little while later Margot appeared in the kitchen doorway looking very agitated. "Father has re