Answer:
About 2.2 gallons
Step-by-step explanation:
Create the following proportion:
=
Cross multiply.
10.5 x 1 = 10.5
4.75 x X = 4.75x
4.75x = 10.5
Divide both sides by 4.75x.
10.5/4.75 = 2.2
The CPI basket price for two consecutive years in five different economies are given. Determine the rate of inflation for each e
conomy. Then order the tiles from least to greatest inflation rate.
Year 1 = $73.00
Year 2 = $74.30
Year 1 = $75.00
Year 2 = $76.15
Year 1 = $88.00
Year 2 = $89.25
Year 1 = $72.50
Year 2 = $73.75
Year 1 = $79.00
Year 2 = $80.25
Year 1 = $73.00
Year 2 = $74.30
Year 1 = $75.00
Year 2 = $76.15
Year 1 = $88.00
Year 2 = $89.25
Year 1 = $72.50
Year 2 = $73.75
Year 1 = $79.00
Year 2 = $80.25
1 answer:
Answer:
see attached
Step-by-step explanation:
When you have a lot of repetitive calculation to do, it is convenient to let a spreadsheet do it. Copying the given data to the spreadsheet ensures we have made no data entry errors.
__
The inflation rate is calculated as ...
(year 2 price)/(year 1 price) -1 . . . . . expressed as a percentage
The attachment shows the results of this calculation as applied to the economies in the order shown. The least-to-greatest order is shown in the right-most column.
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