Inflation rate and rule of 70

Assignment Help Mathematics
Reference no: EM13128048

If the CPI was 110 last year and is 121 this year, what is this year's rate of inflation?

What is the "rule of 70"? How long would it take for the price level to double if inflation persisted at (a) 2, (b) 5, and (c) 10 percent per year?

 

Reference no: EM13128048

Questions Cloud

Find the probability that ten or more were female : For the period from 1918 to the present, in a random sample of 13 wolves spotted in the region, what is the probability that 10 or more were male? What is the probability that 10 or more were female?
Explain description of alkene halogenation : Description of Alkene Halogenation, What is the major product formed when 1-pentene is reacted with br2 in aqueous solution and why?
Applications of derivatives : An isosceles triangle whose base is the interval from (0,0) to (c,0) has its vertex on the graph of f, where f(x)=12-x^2 for x is greater than or equal to 0 and f(x) is greater than or equal to 0.
Identification of favorable and unfavorable variances : Why is the identification of favorable and unfavorable variances so important to a company? How can the identification of the variances help management control costs?
Inflation rate and rule of 70 : What is the "rule of 70"? How long would it take for the price level to double if inflation persisted at (a) 2, (b) 5, and (c) 10 percent per year?
What mass of this substance must evaporate : What mass of this substance must evaporate in order to freeze 150g of water initially at 15C? (The heat of fusion of water is 334J/g the specific heat of water is 4.18J/g*K.)
How many expect to have cholesterol levels greater : Levels above 200 warrant attention. If 95 teenage boys are examined. How many would you expect to have cholesterol levels greater than 225.
Illustrate what is the journal entry should a government fun : Illustrate what is the journal entry should a government fund use to record $475,000 for police department salaries and wages during a particular month?
Explain how many types of nonequivalent protons : How many types of nonequivalent protons does the following compound contain

Reviews

Write a Review

Mathematics Questions & Answers

  Critical path-precedence diagrams start and finish dates

The marketing department at Bodnar Industries is developing a promotional campaign to introduce a new product. A listing of the various activities required, their immediate predecessors, and estimates of their times (in days) is given below.

  Linear equations from planes

The points on a plane: A(-3;2) and B(1.5;-3) are included in a parallel right to another one which crosses point at P(-2;-4). The equation of this last right

  Describe a divisibility rule

A number is divisible by 2 if the last digit is divisible by 2. A number is divisible by 4 if the last two digits form a number divisible by 4. A number is divisible by 8 if the last three digits for a number divisible by 8.

  Computing complex numbers

Write the expression in the standard form a + b i. First convert to rectangular form--- calculate the magnitude-- find reference angle--then the argument of z---

  Describe a queuing process in your work environment

Describe a queuing process in your work environment or community. b) Identify the model (M/M/1, M/M/m, M,D,1 etc.) used and c) its operating characteristics (arrival, waiting line, and service facility). d) Explain the assumptions that were made.

  Write down the conditions required for the spline

Why would we want to do this? Why not just use Newton's Interpolatory Divided Difference formula to get an nth degree interpolating polynomial? Write down the conditions required for the spline S(x) to fit the data and have 6 continuous derivative..

  Indicate premature battery failure

Is there sufficient evidence to indicate premature battery failure at the α = .05 level?

  First and second order differentiation

How could I find the first and second order (differentiation) of the following functions:

  Graphing the trigonometric function

Graphing the trigonometric function.

  Select the appropriate model

What hypothesis testing model (my "models" handout) would be used under each of the following conditions.  Use the "model number" from my handout if you wish.  By line the information given in each cell is: Level of measurement, number of groups, sam..

  Straight line depreciation and emi of loan

The book value of a machine is $21,000 at the end of its fourth year of life and $14,000 at the end of its sixth year of life. What was the purchase value of the machine, assuming that "straight line depreciation" is being used.

  Question regarding linear cost function

An electrician charges a fee of $60 plus $45 per hour. Let C(x) be the cost in dollars of using the electrician for x hours. Find the linear cost function.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd