1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
laiz [17]
3 years ago
10

When the average price of an item increases from p1 to p2 over a period of n years, the annual rate of inflation r (in decimal f

orm) is given by r=(p2p1)1/n−1. The average price of one pound of cheese increased from $0.22 in 1913 to $5.83 in 2013. What was the annual rate of inflation r? Write your answer in decimal form to the nearest thousandth.
Mathematics
1 answer:
Natali [406]3 years ago
8 0

Answer:

The annual rate of inflation r is $0.013

Step-by-step explanation:

Annual rate of inflation r = (p2p1)1/n-1 = p2p1/n-1

p2 = $5.83, p1 = $0.22, n = 2013 - 1913 = 100

r = $5.83 × $0.22/100 - 1 = $1.2826/99 = $0.013 (to the nearest thousandth)

You might be interested in
HELP!!!!! I do not understand how to do this! Could someone please explain to me how I would solve this problem?
maks197457 [2]
Yeah man nearly there
3 0
2 years ago
Simplify the radical expression √(5) + 6√(5)
Evgesh-ka [11]
Answer is  <span>C) 7√(5)
cause

</span><span>√(5) + 6√(5)
</span>=<span>√5 (1+6)
</span>= 7<span>√5</span>
8 0
3 years ago
B\7+12=-8 helpppppppp
vodka [1.7K]

Answer:

b = -152

Step-by-step explanation:

  1. 7 + 12 = 19
  2. Plug 19 in: \frac{b}{19} = -8  
  3. Multiply each side by 19 to cancel out the 19 under b. It should now look like this: b = -152

I hope this helps!

8 0
2 years ago
Due in 15 helpppp!!!!!!!!!
notka56 [123]
36m+25. ehhwienebtbtbrbve
4 0
2 years ago
In the standard (x, y) coordinate plane, if the x-coordinate of each point is 2 times the y-coordinate, what is the slope of the
uranmaximum [27]
1/2 (Rise over Run)
I hope this helps out :3
3 0
3 years ago
Other questions:
  • Write a negative integer and a positive integer whose sum is -3.
    11·2 answers
  • 13y-7y=9<br> Solve for y, write it as a reduced fraction.
    13·1 answer
  • Ayudaaaaaaaaaaaaaaaaaaaa
    12·1 answer
  • Explain how you would subtract -4 - 6 using a number line​
    9·1 answer
  • onyango wishes to fence a rectangular research plot using 100 m of wire .one end of the plot has a wall already erected .calcula
    14·1 answer
  • Um simpafly if you can plz :]
    13·2 answers
  • What is x. pls help me​
    8·2 answers
  • PLEASE HELP!!! I WILL RATE YOU BRAINLIEST
    7·1 answer
  • James recently got a credit card. The APR on the card is 19.8%. What is the monthly interest rate?
    12·1 answer
  • Can you pls answer the question
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!