During the worst periods of inflation in America, the price of food increased at a rate of 6% per month. If your food bill was $100 one month during this period, what was it two months later?
Added by Stephen C.
Step 1
To do this, we multiply the original bill by the rate of inflation. $100 * 6/100 = $6 So, the food bill after the first month is $100 + $6 = $106. Show more…
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