Homework Help: math

Posted by diane on Wednesday, January 18, 2012 at 5:35pm.

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

math - Reiny, Wednesday, January 18, 2012 at 5:42pm
purchasing power has been reduced by 11%, so

.89($26500) = $23585

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