An economy is experiencing very high inflation. The monthly inflation rate for September is 112%. What...

An economy is experiencing very high inflation. The monthly inflation rate for September is 112%. What is the daily inflation rate?

Expert Solution

Sol :

Daily inflation rate = Monthly inflation rate / 30 Days

Monthly inflation rate = 112%

Daily inflation rate = 112/30

= 3.73%

Rahul Sunny answered 2 years ago

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