The minimum hourly wage was P50 in 1960 and P257.50 in 2000. What is the average annual inflation rate in the minimum wage? O 14.27% O 10.36% 4.18% 8.32%

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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The minimum hourly wage was P50 in 1960 and P257.50 in 2000. What is the average annual
inflation rate in the minimum wage?
O 14.27%
10.36%
4.18%
8.32%
Transcribed Image Text:The minimum hourly wage was P50 in 1960 and P257.50 in 2000. What is the average annual inflation rate in the minimum wage? O 14.27% 10.36% 4.18% 8.32%
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