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Category > Calculus Posted 14 Aug 2017 My Price 5.00

A​ country's government reports the rate of inflation both monthly and annually.

A​ country's government reports the rate of inflation both monthly and annually. Suppose​ that, for a particular​month, the monthly rate of inflation is reported as 1.4

 

1.4​%. Assuming that this rate remains​ constant, what is the corresponding annual rate of​ inflation? Is the annual rate 12 times the monthly​ rate?

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SophiaPretty
(5)
Status NEW Posted 14 Aug 2017 07:08 AM My Price 5.00

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