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

This haunting and eloquent military tune originated as a signal to mark the end of the day, and is used today at funerals, wreath-laying services, and memorial

The oldest rock in the world, the Granitic Gneiss, was found in what state?

What do tire treads, rubber mats, automobile breaks, and tennis shoes have in common. -They reduce friction -they are lubricants -they increase friction -the

How many people were living in the United States of America on July 4, 1776? 2.5 million 9 million 15 million 30 million

This is inverse functions...any help on 3aii?

true or false the american revolution was fought by the american colonies and china??

Who was the first woman to run for vice president on a major party ticket? a. Sarah Palin b. Geraldine Ferraro c. Patsy Mink

This US national park covers 270 square miles, and 95% of it is underwater. Divers and snorkelers explore its shipwrecks and a bright coral reef, home to reef

Two men who signed the Declaration of Independence went on to become U.S. presidents. Who were they?

Rewrite the rational exponent as a radical by extending the properties of integers exponents. 2^3/4 / 2^1/2