Use the CPI provided in the table below for the following question. Year CPI Year CPI 2002 100.0 2011 119.9 2003 102.8 2012 121.7 2004 104.7 2013 122.8 2005 107.0 2014 125.2 2006 109.1 2015 126.6 2007 111.5 2016 128.4 2008 114.1 2017 130.4 2009 114.4 2018 133.4 2010 116.5 Calculate the inflation rate for the period 2006 to 2015. % Round to one decimal place if necessary

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Q: Find the effective annual interest rate r of the given nominal annual interest rate. Round your…

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