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a gallon of gas was 1.03 two years ago now it is 1.59 what is the rate of increase?

 Mar 23, 2016
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a gallon of gas was 1.03 two years ago now it is 1.59 what is the rate of increase?

 

1.59 / 1.03 =1.544 -1 x 100=54.4% increase in 2 years.

Sqrt(1.544)=1.243 - 1 x 100=24.3% average annual increase in a gallon of gas.

 Mar 23, 2016

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