Inflation

Once upon a time, tsar owned a money printer and printed and printed. The result of printing money prices went up,in the first year 3.9 %, in the second 6%, in the third 4.7% and in the fourth 5.5%.

Then tsar was failed in election.

Calculate the average annual inflation rate (percentage of price increase) during this four years.

Correct answer:

i =  5 %

Step-by-step explanation:

i=100((1+3.9100)(1+6100)(1+4.7100)(1+5.5100)41)=5%



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