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The price index is 320 in one year and 360 in the next.What was the inflation rate?
Arithmetic Operations
Basic mathematical operations which include addition, subtraction, multiplication, and division.
Exponential Decay
A process of reduction in quantity where the decrease is proportional to the current value, often used in science and finance to describe rapidly decreasing phenomena.
Compound Interest
The calculation of interest for deposits or loans that takes into account both the starting principal and previously accrued interest.
Exponential Decay
A process described by a decrease in quantity at a rate proportional to its current value, often observed in radioactive decay and depreciation of assets over time.
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