web2.0calc
 
+0  
 

What equation do I use for this?

0
912
1
avatar
Dave bought a new car 8 years ago for $8400. To by a new car comparably equipped now would cost $12500. Assuming a steady rate of increase, what was the yearly rate of inflation in car prices over the 8-year period?
 Oct 15, 2013

1+0 Answers

 #1
avatar+118667 
0
subtract to find the increase in price in dollars
then
it will be
dollar increase / original price * 100 %
 Oct 15, 2013

2 Online Users

Top Users

avatar+37146 ElectricPavlov
avatar+33659 Alan moderator
avatar+14997 asinus moderator
avatar+9673 MaxWong
avatar+3146 admin administrator
avatar+2489 GingerAle
avatar+1895 NotThatSmart
avatar+1839 ABJeIIy
avatar+1768 bader
avatar+1533 parmen
avatar+1439 kittykat

Sticky Topics