As inflation increases, the value of the dollar decreases at the same rate. the value of the dollar after t months of inflation can be found by raising the difference of 1 and the rate of inflation, r, to the power of t. if the current rate of inflation is 9%, what will the value of the dollar, d, be after 6 months? round to the nearest cent.
a. $0.57
b. $0.52
c. $0.62
d. $0.55