hyperinflation, which is extraordinarily large inflation in prices. At the peak of the hyperinflation, prices rose 25 comma 000% per month. At this rate, by what percentage would prices have risen in 1 year? In 1 day? (Assume 30 days per month.) g

if the inflation rate was 25,000% per month

in one year, inflation rose by =(1 + 250)¹² - 1 = 62,529,457,066,666,666,666,000,000,000 - 1 = 62,529,457,066,666,666,665,999,999,999 x 100% = 6,252,945,706,666,666,666,599,999,999,900%

inflation rate per day:

250 = (1 + r)³⁰ - 1

251 = (1 + r)³⁰

³⁰√251 = 1 + r

1.2022 = 1 + r

r = 0.202234 or 20.2234% daily

month 1 start amount =$3287.90 interest=(3287.90x0.0145/12)3.97 total to pay=$3291.81 paid =$1200 balance =$2,091.87

month 2 starting amount= $2,091.87 interest =$25.28 total to pay =$2117.15 paid =$1200 balance $917.15

month 3 starting amount =$917.15 interest =$11.08 total to pay =$928.23 paid =$928.23 balance =$0 total to pay 1200+1200+928.23 = $3328.23 it will take 3 months to pay a total of $3328.23