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Your apartment's monthly rent was $300 last year. This year it is $350. What is the rate of inflation, to the nearest tenth percent?

Your apartment's monthly rent was $300 last year. This year it is $350. What is the rate of inflation, to the nearest tenth percent?
asked 134k views
5 votes
Your apartment's monthly rent was $300 last year. This year it is $350. What is the rate of inflation, to the nearest tenth percent?

asked
User Alsami
by
8.5k points

1 Answer

4 votes
Answer: 16.7% rounded up.
answered
User Mariano DAngelo
by
8.1k points
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