Suppose the cpi was 120 last year and is 144 this year.

a. what is this year's rate of inflation?

16.7%

Explanation:

Inflation is defined as the increase in price of good and services.

Given last year cpi to be 120 and that of this year is 144, increase in cpi will be 144-120 which is 24cpi.

Year rate of inflation = final cpi - initial cpi/final cpi × 100%

Rate of inflation = 144-120/144×100%

Rate of inflation = 24/144×100%

Rate of inflation = 16.7%

Therefore the year rate of inflation is 16.7%

the answerr would be 1

you will have $2593.74 in 10 years if you set aside $1,000 at 10%

you will have $9321.91 in 20 years if you set aside $2000 at 8%

you will have $1469.32 in 5 years if you set aside $1000 at 8%

you will have $1296.87 in 10 years if you set aside $500 at 10%

you will have $239.66 in 15 years if you set aside $100 at 6%

you will have $4660.96 in 20 years if you set aside $1000 at 8%