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To keep pace with a 4% rate of inflation, how much should a person make hourly if they made $7.50 last year?
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4 votes
To keep pace with a 4% rate of inflation, how much should a person make hourly if they made $7.50 last year?

User Denys Medvediev
by
6.7k points

1 Answer

4 votes

.04 x 7.5 = .3

7.5 + .3 = 7.8

Should make $7.80 an hour

User Cemal Eker
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7.0k points
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