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

If prices increase at a monthly rate of 3.7 3.7​%, by what percentage do they increase in a​ year?
asked 150k views
3 votes
If prices increase at a monthly rate of

3.7
3.7​%, by what percentage do they increase in a​ year?

asked
User Audi
by
8.6k points

1 Answer

2 votes
Answer: If the prices increase 3.7% each month, then they would increase 44.4% in a year.

Explanation: 3.7 * 12 = 44.4
answered
User Ramanujan
by
8.1k points
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