Solution-What was the annual compound rate of growth

What was the annual compound rate of growth

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Reference no: EM133047057

Problem - Inflation - In October 2017 a pound of apples cost $1.46, while oranges cost $1.10. Two years earlier the price of apples was only $1.25 a pound and that of oranges was $0.96 a pound.

Required -

a. What was the annual compound rate of growth in the price of apples?

b. What was the annual compound rate of growth in the price of oranges?

c. If the same rates of growth persist in the future, what will be the price of apples in 2030?

d. If the same rates of growth persist in the future. what will be the price of oranges in 2030?

Reference no: EM133047057

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What was the annual compound rate of growth

Reference no: EM133047057

Reference no: EM133047057

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