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A family with an income of 70,000 receives a raise of 2% in a year when inflation is 5%. Find the decrease in purchasing power.
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A family with an income of 70,000 receives a raise of 2% in a year when inflation is 5%. Find the decrease in purchasing power.

User Onkar Janwa
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1 Answer

6 votes

Answer:

They make 3% less per year

Step-by-step explanation:

I think this is what you're asking but don't quote me on it

User GluePear
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