Asked by diane
You made $3000 on a part-time job last year. If you expect to make the same amount this year, and the inflation rate is three percent, what is your purchasing power?
Answers
Answered by
Henry
100% - 3% = 97%.
B.P. = 0.97 * 3000 = $2910. = Buying
power.
B.P. = 0.97 * 3000 = $2910. = Buying
power.
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