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kumpel [21]
4 years ago
12

When anders took out his first two-year membership with maxima gym in 2004, the fee was $540.00. he renewed his membership three

times; in 2006 for $580.00, in 2008, for $600.00, and again in 2010, for $630.00. what is the overall rate of inflation for anders' gym membership?
Business
1 answer:
Lesechka [4]4 years ago
4 0

Answer: 16.67%

<span>When Anders took out his first membership with maxima gym in 2004, the fee was only $540.00 for two years. He renewed it three times; in 2006, 2008 and 2010  for $580.00, $600.00, and  $630.00 respectively.</span>

<span>From 2004 to 2010, the price of gym membership rose from $540 to $630. The amount of increase is (630-540) or 90. The percentage increase or overall rate of inflation is 90/540 or 16.67%</span>

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See below.

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5 0
4 years ago
Which of the following statements is true about the total production of health and the marginal return on new health production
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