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during the worst periods of hyperinflation in a certain country the price of food increased at a rate of 30% per month.if your food bill was $120 in one month during this period,what was it three months later ?

Answer :

The rate of inflating is r=30% per month.

The bill of food after three months can be determined as,

[tex]\begin{gathered} C=120(1+\frac{30}{100})^3 \\ C=263.64 \end{gathered}[/tex]

Thus, the bill after three months will be $263.64.

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