Question

The CPI basket price for two consecutive years of five different economies are given. Determine the rate of Inflation for each economy. Then

order the tiles from least to greatest Inflation rate.
Year 1 = $132.00
Year 2 = $134.50
Year 1 = $95.00
Year 2 = $97.50
Year 1 $100.00
Year 2 = $102.00
Year 1 = $88.00
Year 2 = $89.25
Year 1 = $115.50
Year 2 = $117.50
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Answer 1

Since the guy above me showed you how to solve the equations correctly and showed you where there suppose to go, I will show you that he was correct.

Answer 2

The inglation rate can be calculated as:

R = ((year2 - year1)/year1 )*100%

A)

Year 1 = $132.00

Year 2 = $134.50

R = (($134.50 - $132.00)/$132.00)*100% = 1.89%

B)

Year 1 = $95.00

Year 2 = $97.50

R = (($97.50 - $95.00 )/$95.00 )*100% = 2.6%

C)

Year 1 = $100.00

Year 2 = $102.00

R = (($102.00 - $100.00 )/$100.00 )*100% = 2%

D)

Year 1 = $88.00

Year 2 = $89.25

R = (($89.25 - $88.00 )/$88.00 )*100% = 1.4%

E)

Year 1 = $115.50

Year 2 = $117.50

R = (($117.50 - $115.50 )/$115.50 )*100% = 1.7%

Then the order from least to greatest is:

D, E, A, C, B