3 years ago

Inflation and Interest Rates: Tutorial

Mathematics

2 answers:

valina [46]3 years ago

8 0

Answer:102.22

Step-by-step explanation:

Alex_Xolod [135]3 years ago

8 0

Answer:

2.22%

Step-by-step explanation:

Recall that year 1, the base year, has a CPI of 100.

From question 1, we know that the CPI of year 2 is 102.22.

To find the rate of inflation, find the percent change from year 1 to year 2:

102.22-100= 0.0222, or 2.22%

_________

100

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