nunezla1 nunezla1
  • 02-08-2017
  • Mathematics
contestada

If prices Increase at a monthly rate of 1.4
%, by what percentage do they increase in a year?

Respuesta :

irspow
irspow irspow
  • 02-08-2017
(1+1.4/100)^12

1.014^12

1.181559

So they increase by about 18.16% per year  (to nearest hundredth of a percent)


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