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If prices increase at a monthly rate of 3.7​%, by what percentage do they increase in a​ year?

If prices increase at a monthly rate of 3.7​%, by what percentage do they increase in a​ year?
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If prices increase at a monthly rate of 3.7​%, by what percentage do they increase in a​ year?

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User Dwight Holman
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1 Answer

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That would be 1.037^12, or 1.456, or about 45.6% per year. 
answered
User Paresh J
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