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

5x+4y+100 in slope intercept form

How do scientists use seismic waves to determine the interior structure of Earth?

Jim’s allowance is $1.20 per week. Stan’s is 25¢ per day. How long will they have to save, if they save both their allowances together, before they can get a m

the cafeteria has 45 square tables that can be pushed together to form one long table for the lacrosse team's banquet. Each square table can seat one person on

Explain how a species can evolve through natural selection.

Does every point lie in a quadrant?

Explain how a species can evolve through natural selection.

By the mid-1700s, the largest city in the colonies was (A) New York (B) Boston (C) Philadelphia (D) Charleston (E) Wilmington, Delaware

Which of the following can be considered fossils? a. a 1 billion year-old rock. b. a 1 billion year-old piece of amber. c. a 1 billion year-old piece of amber w

which state of matter has the least amount of energy?