Find the time it would take for the general level of prices in the economy to double at an average annual inflation rate of 3.1%. What is the appropriate value of i? i= (Type an integer or a decimal.)
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- An engineer's salary was $40,000 in 2004. The same engineer's salary in 2011 is $75,000. If the company's salary policy dictates that a yearly raise in salaries reflect the cost of Jiving increase due to inflation, what is the average inflation rate for the period 2004-2012?Goods costing $27.10 at the beginning of the year 1940 cost $176.52 at the beginning of the year 1979. Find the average annual inflation rate over this time period. Express your answer the nearest thousandth of a percent.Hyperinflation has struck your country! Over the past year the price of a loaf of bread has increased from $2 to $52,858. What is the annual rate of inflation suggested by this increase? Put your answer in percentage form (e.g. 30.57 not 0.3057) and then round to two decimal places.
- If the Consumer Price Index was 208.5 on January 1, 2010, and 10 years after it was 516.71. What was the inflation rate, compounded annually, over that 10-year period? If that rate continues to hold for the next 10 years, what Consumer Price Index can be expected on January 1, 2030?Prices have risen by 65% over the last 10 years. What is the average yearly inflation rate over this time period? 5.5% 6.14% 5.14% 6.5%A buy and sell agent buys a motorcycle for 37,000.00 in the year 1990 and it was sold for 90, 000.00 in the year 2000. If the increase in price is due to inflation, find the average rate of inflation within the period. Using this formula F=P(1+f)^n.
- Assume that the retail price index (RPI) for the UK was 100 in January 1950 and 3246 in January 2015. Calculate the average annual inflation rate.Assume "this year" is the base year used in calculating the CPI. Over the next year, the inflation rate will be 9.3%, while the nominal interest rate is 1.2% per year. What is the real value of $2,000 received one year from now? (That is, what amount of money now gives you the same purchasing power as $2,000 in one year.) Do not write the dollar ($) sign, and use a minus (-) in front of a decrease. Round your answer to one (1) decimal.In 1923, a certain country underwent one of the worst periods in history of hyperinflation, which is extraordinarily large inflation in prices. At the peak of the hyperinflation, prices rose 34,000% per month. At this rate, by what percentage would prices have risen in 1 year? In 1 day? (Assume 30 days per month.) The annual inflation rate is ×10%. (Type whole numbers.) The daily inflation rate is nothing%. (Round to the nearest whole number as needed.)
- An engineer's salary was P50, 000.00 in 2006. The same engineer's salary in 2011 is P80, 000.00. If the company's salary policy dictates that a yearly raise in salaries reflect the cost of living increase due to inflation, what is the average inflation rate?A certain country calculates inflation using a consumer price index (CPI). Between 2016 and 2017 the CPI increased from 200 to 220. What was the inflation rate between 2016 and 2017? 110% 10% 20 20%If the inflation rate is 7% per year, and your nominal income increases by 6% per year, your real income decreases by 2% decreases by 1% does not change increases by 1%