In Zimbabwe the rate of inflation hit 90 sextillion percent iN 2 009, with prices increasing tenfold every day. At that rate, how much would a $100 textbook cost one week later?

In Zimbabwe iN 2 009 the rate of inflation

Essentials of Economics 8th Edition by Bradley Schiller

Edition 8ISBN: 978-0073511399

Essentials of Economics 8th Edition by Bradley Schiller

Edition 8ISBN: 978-0073511399

Exercise 7

In Zimbabwe the rate of inflation hit 90 sextillion percent iN₂ 009, with prices increasing tenfold every day. At that rate, how much would a $100 textbook cost one week later?

Explanation

Verified

In Zimbabwe iN₂ 009 the rate of inflation...