During 2009, a particular country's inflation rate averaged 1.3% a day. This means that on average, prices went up by about 1.3%

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2 years ago

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During 2009, a particular country's inflation rate averaged 1.3% a day. This means that on average, prices went up by about 1.3%

from one day to the next. Round your answer to the nearest whole number.. . (a) By what percentage did this country's prices increase in April of 2009 (from April 1 through April 30)?.

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1 answer:

horrorfan [7] · Answer 1 · 2023-03-24T17:25:58+03:00

horrorfan [7]2 years ago

4 0

<span>29 days of 1.3% inflation. Convert to relative increase: (1+0.013) = 1.013. (1.013)^29 -1 = 45.43% (the effect of compounding) 45%.</span>