the price of a mobile phone was $600 in 2007. The price of a mobile phone is 2019 as increased to $1,100. What is the inflation

Question

2 years ago

10

rate of mobile phones(Round your answer to the nearest hundredth)?

1 answer:

Elenna [48] · Answer 1 · 2022-05-13T01:12:15+03:00

6 0

Answer:

0.83

Step-by-step explanation:

The $500 price increase over this 12 year span results in the inflation rate:

$500

---------- = 0.83..., or 0.83 to the nearest hundredth (equivalent to 83%)

$600