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Suppose that the consumer price index of a country is decreasing at the rate of 4.3% per year. Use the approximate half-life formula to estimate the half-life

Suppose that the consumer price index of a country is decreasing at the rate of 4.3% per year. Use the approximate half-life formula to estimate the half-life
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Suppose that the consumer price index of a country is decreasing at the rate of 4.3% per year. Use the approximate half-life formula to estimate the half-life

User Dhythhsba
by
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1 Answer

3 votes

Answer:

new value = $50 × (1 − 0.12)3 = $50 × 0.883 = $34.07.

Explanation:

User Doddie
by
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