Suppose that in 2015, a $10 silver certificate from 1898 sold for $11,700. For this to have been true, what would the annual increase in the value of the certificate have been?

The annual increase in the value of the certificate would have been 6.22 percent

Explanation:

From the provided data we have,

Worth of the silver certificate in 1898 equal to $10

Price sold for the silver certificate in 2015 equal to $11,700

To determine what would the annual increase in the value of the certificate have been;

Price sold = original price × (1 + r)( initial year bought - year sold)

$11,700 = $10 ×(1 + r)(2015- 1898)

r = 6.22 percent

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi