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Inflation
If prices increase 3% each year for 10 years, then a jacket that costs $40 today will cost $53.76 in 10 years. What is the percentage decrease in the buying power of currency over the 10-year period?
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***** ** ******* *** ** *** ***** ***** us *** much we **** save ** ****** the ** ** ************* = $180 **** ** the ****** ********* *** ****** we ******** *** (before tax) ***** ** **** – $180 * $420 The **** ***** ** *** TV is ****** ***** ** ***** *** ******* ** *** **** ** **** **** the list ***** is **** ** the **** ***** *** *** **** price ** ***** ******* ** *** ** the **** price ********* ** would pay 70% ** the **** ***** ***** (100% *** **** * 70% So ** *** ** *** ********** in ** the **** price ** *** TV ** *** ******* *** of ******* ***** *** of **** which ** ******** * ******* **** ***** ** the ** is ****
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***** * ** donePurchasing ***** * base **** price * ****** **** price = *** / $5176 * **** * ************** ****** ** ********** ***** * *** - *** * 256%There **** decrease in ********** ***** = **** * ***
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********** ******** is ***** to100% * *** ?=$5376(100 * $5376) * *** * ******* percentage increase * (1344 ****** * ****
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**** is your ******