The financial industry uses rational exponents to compute interest, depreciation and inflation in areas like home buying. For example, to calculate the inflation of a home that increases in value from p1 to p2 over a period of n years, the annual rate of inflation (expressed as a decimal) is i = (p2
Answers & Comments
Answer:
The financial industry uses rational exponents to compute interest, depreciation and inflation in areas like home buying. For example, to calculate the inflation of a home that increases in value from p1 to p2 over a period of n years, the annual rate of inflation (expressed as a decimal) is i = (p2