Asked by anonymous

The US inflation rate had been 3.5 % per year and the Argentinian inflation rate had been 36 % per month.
(a) What is the yearly equivalent of Argentina's 36 %monthly inflation rate?
(b) What is the monthly equivalent of the US 3.5 %yearly inflation rate?

A=
B=

Answers

Answered by John Denver
5/12
Answered by Tyler
For B
Use the formula:
(1+.035)=(1+x)^12

Solve for x by taking the 12th root of 1.035 and then subtracting 1.
I'm still trying to figure out a.
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