Inflation If the purchasing power of $1000 is only $930 after2 years, what was the average inflation rate?

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.CT: Chapter Test
Problem 13CT
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Inflation If the purchasing power of $1000 is only $930 after
2 years, what was the average inflation rate?

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