Inflation
Once upon a time, a ruler had a printing press and printed money endlessly. As a result, prices rose by 2.7% in the first year, 2.1% in the second, 3.6% in the third, and 5.4% in the fourth.
The ruler then lost an election.
Calculate the average annual inflation rate (price increase percentage) over these four years.
Your answer:
The ruler then lost an election.
Calculate the average annual inflation rate (price increase percentage) over these four years.
Your answer:
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You need to know the following knowledge to solve this word math problem:
statisticsarithmeticbasic operations and conceptsnumbersUnits of physical quantitiesGrade of the word problem
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