Larinitasܕ |.ܕ.4) 100, 20, 4, .8, _ _ _
1 answer:
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Answer:
Decreased
Step-by-step explanation:
-The rate of growth in food prices can be calculated using the compound interest formula as:
We use the calculated growth rate in food prices to find the potential future value of a 90's income:
#Compare this calculated value to the stated value:
Hence, the real value of income has decreased since it's less than it's future value over the 10-year period.