Answer:
75
Step-by-step explanation:
Answer: Dividing two fractions is the same as multiplying the first fraction by the reciprocal of the second fraction. The first step to dividing fractions is to find the reciprocal (reverse the numerator and denominator) of the second fraction. Next, multiply the two numerators. Then, multiply the two denominators.
Step-by-step explanation:
Given:
2 years ago - consumer price index 1,200 per month
current year - consumer price index 1,400 per month
Inflation rate = [(Consumer price index current - Consumer price index previous) / Consumer price index previous ] * 100%
Inflation rate = [(1400 - 1200) / 1200] * 100% = (200 / 1200) * 100% = 16.67%
Since 2 years has passed, the 16.67% inflation rate is good for 2 years. We simply divide the inflation rate by 2 to get the annual inflation rate.
16.66% / 2 = 8.33%
The annual inflation rate for the past two years is 8.33%
Nonlinear because y is squared