98.5k views
4 votes
the price of a mobile phone was $600 in 2007. The price of a mobile phone is 2019 as increased to $1,100. What is the inflation rate of mobile phones(Round your answer to the nearest hundredth)?

User Musette
by
8.2k points

1 Answer

2 votes

Answer:

0.83

Explanation:

The $500 price increase over this 12 year span results in the inflation rate:

$500

---------- = 0.83..., or 0.83 to the nearest hundredth (equivalent to 83%)

$600

User MisterEd
by
7.7k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories