nunezla1 nunezla1

02-08-2017
Mathematics

contestada

If prices Increase at a monthly rate of 1.4
%, by what percentage do they increase in a year?

Respuesta :

02-08-2017

(1+1.4/100)^12

1.014^12

1.181559

So they increase by about 18.16% per year (to nearest hundredth of a percent)

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