Question
Your investments increased in value by 12.6 percent last year but your purchasing power increased by only 11.9 percent. What was the approximate inflation rate?
| Your investments increased in value by 12.6 percent last year but your purchasing power increased by only 11.9 percent. What was the approximate inflation rate? (Round your answer to 1 decimal place. Omit the "%" sign in your response.) |
| Inflation rate | % |
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Finance Accumulation And Monetary Power
Authors: Daniel Woodley
1st Edition
0367338556, 978-0367338558
