Ask your own question, for FREE!
Algebra 12 Online
OpenStudy (anonymous):

PLEASE HELP If the rate of inflation averages r per annum over n years, the amount A that $P will purchase after n years is A=P(1-r)^n, where r is expressed as a decimal. IF the average inflation rate is 2.2%, how long is it until the purchasing power is cut in half. It will be about____ years until the purchasing power is cut in half.

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!