Problemyour investments increased in value by 163 percent, Ask an Expert

Finance

Problem:

Your investments increased in value by 16.3 percent last year but your purchasing power increased by only 6.5 percent.

Required:

Question: What was the approximate inflation rate?

Note: Please provide equation and explain comprehensively and give step by step solution.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91163060

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