How to calculate inflation rate formula by linear and exponential?
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Inflation is an example of exponential growth. If inflation is about 4% each year, and the price of a pair of jeans is $30 now, the price of the same jeans x years from now will be: P =...
Inflation is an example of exponential growth. If inflation is about 4% each year, and the price of a pair of jeans is $30 now, the price of the same jeans x years from now will be: P = 30(1.04)^x
What will the jeans cost 10 years from now? Use a calculator to evaluate, and round to the nearest penny
Inflation is an example of exponential growth. If inflation is about 4% each year, and the price of a pair of jeans is $30 now, the price of the same jeans x years from now will be: P = 30(1.04)^x
What will the jeans cost 10 years from now? Use a calculator to evaluate, and round to the nearest penny
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