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%

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter1: Equations, Inequalities, And Mathematical Modeling
Section1.3: Modeling With Linear Equations
Problem 3ECP: Your family has annual loan payments equal to 28 of its annual income. During theyear, the loan...
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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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