Question

During April 2006, Zimbabwe's inflation rate averaged 0.67% a day. By what percentage did prices in Zimbabwe increase in April 2006?

Answer 1

I think this should be set up with
\[A=P(1+r)^t, 5=0.0067, t=30days\]

Answer 2

The percent increase would then be:
\[\frac{A-P}{A} \times 100 \]