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7.A certain product that costs P 19500 in 2014 has an equivaient model in 2018 that costs P 22,250 if inflation is considered the cause of the increase, what was the average annual rate of infiation? A. 3.35% B. 2.25% C125% D.425%

7.A certain product that costs P 19500 in 2014 has an equivaient model in 2018 that costs P 22,250 if inflation is considered the cause of the increase, what was the average annual rate of infiation? A. 3.35% B. 2.25% C125% D.425%

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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7.A certain product that costs P 19500 in 2014 has an equivaient model in 2018 that costs P 22,250 If inflation is considered the cause of the increase, what was the average annual rate of infiation? A. 3.35% B. 2.25% C125% D.425%
Transcribed Image Text:7.A certain product that costs P 19500 in 2014 has an equivaient model in 2018 that costs P 22,250 If inflation is considered the cause of the increase, what was the average annual rate of infiation? A. 3.35% B. 2.25% C125% D.425%
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