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During the worst periods of hyperinflation in a certain country, the price of food increased at a rate of 20% per month. state whether this increase was linear or exponential. if your food bill was $80 in one month during this period, what was it three months later?

Question

Answer:

This is exponential increase.

3 months later the bill is 80 (1.20) ^3 = $ 138.24

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general 10 months ago 3492

During the worst periods of hyperinflation in a certain​ country, the price of food increased at a rate of 20​% per month. state whether this increase was linear or exponential. if your food bill was ​$80 in one month during this​ period, what was it three months​ later?