Companies 3
Companies supplying electricity to households used two rates. In 1996, the price for 1 kWh was 1.10 CZK and the night rate was 0.46 CZK per kWh. In 1997, these rates were 1.28 CZK and 0.53 CZK respectively. Express the ratio of the standard rate to the cheaper rate for both years. How many times greater was the standard rate than the cheaper rate in each year?
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