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During the worst periods of hyperinflation in a certain country, the price of food increased at a rate of 25 % per month. State whether
During the worst periods of hyperinflation in a certain country, the price of food increased at a rate of
25
%
per month. State whether this increase was linear or exponential. If your food bill was
$90
in one month during this period, what was it three months later?
1) Was the growth in inflation linear or exponential?
2) What was the monthly food bill after three months?
(Round to the nearest dollar as needed.)
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