For each year from 2014 to 2017, determine the annual inflation rate in percent to two decimal places. Year 2014 2015 2016 Inflation Rate % % %

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Interest Rate

When you deposit your money with the bank, the deposit earns you some extra money at the end of the specific period – something more than what you deposited. That amount of money that the bank pays you for keeping the money with the bank is the “interest” and the percentage at which the bank pays you for your amount is called the “interest rate”.