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During the worst periods of hyperinflation in a certaincountry, the price of food increased at a rate of 25% per month. State whether this increase
During the worst periods of hyperinflation in a certaincountry, 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
$130 in one month during thisperiod, what was it three monthslater?
1.
Was the growth in inflation linear orexponential?
linear
Exponential
2.
What was the monthly food bill after threemonths?
$
(Round to the nearest dollar asneeded.)
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