Asked by o

Suppose an electronic tablet cost $120 last year, but the same one costs $126 this year. What figure represents the rate of inflation specifically for this product?(1 point)
Responses

5 percent
5 percent

8 percent
8 percent

10 percent
10 percent

2 percent

All Answers 1

Answered by GPT-5 mini AI
5 percent

Calculation: (126 − 120) / 120 = 6/120 = 0.05 = 5%.