In 2,009, the average price of a certain industrial material was SR 15.29 per liter. Suppose the base year is 2,004 and the price of such material during that year was SR 8.54 per liter. What is the average inflation rate between the given periods? Write your answer in decimal format and round-off only the final answer in four decimal places.
In 2,009, the average price of a certain industrial material was SR 15.29 per liter. Suppose the base year is 2,004 and the price of such material during that year was SR 8.54 per liter. What is the average inflation rate between the given periods? Write your answer in decimal format and round-off only the final answer in four decimal places.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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![In 2,009, the average price of a certain industrial material was SR 15.29 per liter. Suppose the base year is 2,004 and the price of such material
during that year was SR 8.54 per liter. What is the average inflation rate between the given periods? Write your answer in decimal format and
round-off only the final answer in four decimal places.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd45b7e38-406f-4a21-8154-727a144708f4%2F27688cb9-1b13-49f8-986f-e6d24cb84dd1%2Fkjz3xr_processed.jpeg&w=3840&q=75)
Transcribed Image Text:In 2,009, the average price of a certain industrial material was SR 15.29 per liter. Suppose the base year is 2,004 and the price of such material
during that year was SR 8.54 per liter. What is the average inflation rate between the given periods? Write your answer in decimal format and
round-off only the final answer in four decimal places.
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