
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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am. 110.

Transcribed Image Text:Hyperinflation has struck your country! Over the past year the price of a loaf of bread has increased
from $2 to $65,415. What is the annual rate of inflation suggested by this increase?
Put your answer in percentage form (e.g. 30.57 not 0.3057) and then round to two decimal places.
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