suppose your income has remained the same for the last 7 years. the inflation for the last 7 years has been 12%. what is your percent decrease in spending power after accounting for inflation to the nearest 10th of a percent? (note...answer is not 12%)

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter1: Equations And Graphs
Section1.2: Graphs Of Equations In Two Variables; Circles
Problem 111E
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question 5 part c

suppose your income has remained the same for the last 7 years. the inflation for the last 7 years has been 12%. what is your percent decrease in spending power after accounting for inflation to the nearest 10th of a percent? (note...answer is not 12%)

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