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

PLEASE HELP ASAPPPPPPPPPPPPPi

Estimate the rate of change of the graphed function over the interval -4 ≤ x ≤ 0 A) 1/4 B) 0 C) 1 D) 4

A store manager needs to run a report of last month’s sales. The manager would like the report to highlight products that sold over a quantity of twenty-five fo

In this scenario, what did the officials involved do incorrectly? They did not inform the defendants of their rights before questioning them. They allowed th

Multiply 6x^2-4x-5(2x^2+3x)

people who give donations to worthy causes are know as

what does death suggest about the mayor's open windows

Is y=2x^3 exponential, quadratic or linear?

Find the maximum and minimum values of the function. Y=-cos8x

If the number of bacteria in a colony doubles every 25 hours and there is currently a population of 10,000 bacteria, what will the population be 75 hours from n