Use the formula r = (F/P)^1/n - 1 to find the annual inflation rate to the nearest tenth of a percent. A rare coin increases in
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y = 8
using the ' gradient formula' m = (y₂ - y₁)/(x₂ - x₁)
with (x₁, y₁) = (3, 3), (x₂, y₂) = (- 5, y) and m = -
(y - 3)/( - 5 - 3) = -
(y - 3)/(-8) = -
multiply both sides by - 8 to eliminate fractions
y - 3 = 5
add 3 to both sides
y = 5 + 3 =8