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!!!