Hi everyone,

I cant figure out this equation:

i have to find the rate of inflation using these numbers and formula.

in 1980: 82.4 1981: 90.9

(90.9-82.4)/82.4=

For a 3% rate of inflation per year from 2003 on What would the consumer price index be in 2006?

I have to use a table with these dates:

2001: 177.1

2002: 179.9

2003: 184.0

2004: 189.5

2005 (est) 195.0

2006 (est) 200.5

Please I really stink at these things!!! :confused::eek: