If the amount that $1000 will purchase is only $930 after 2 years, what was the average inflation rate?

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 16E
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If the amount that $1000 will purchase is only $930 after 2 years, what was the average inflation rate?

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