If the rate of inflation averages r per annum over n years

Last updated: 11/22/2023

If the rate of inflation averages r per annum over n years the amount A that SP will purchase after n years is A P 1 r where r is expressed as a decimal If the inflation rate averages 3 1 how much will 2 000 purchase in 5 years In 5 years 2 000 will purchase Round to the nearest cent as needed