Compound Interest Example: Inflation
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if a candy bar priced at $3.75 in 1985 cost $7.25 in 2010, what annual inflation rate does this price increase reflect..??? this is just an example could you help me how to solve this thanks
smackdownbb4 1 year ago
@smackdownbb4 Use the formula in this video; you have A, P, n and t however you need to find r. Can you tell me what the values are for A, P, n and t?
ecumath 1 year ago