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Nancy had an income of $26,500 this year. If the inflation rate was 11 percent, what was her purchasing power?

Nancy had an income of $26,500 this year. If the inflation rate was 11 percent, what was her purchasing power?
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Nancy had an income of $26,500 this year. If the inflation rate was 11 percent, what was her purchasing power?

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User Fatih Bulut
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7.2k points

1 Answer

7 votes
.89($26,500)=$23,585. we are using .89 because that is what 1-.11 equals.
answered
User Mrwooster
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