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Fundamentals of Engineering Economics 3rd Edition by Chan Park
Edition 3ISBN: 978-0132775427Fundamentals of Engineering Economics 3rd Edition by Chan Park
Edition 3ISBN: 978-0132775427 Exercise 2
The average cost of a gallon of gas was $0.99 per gallon in 1998. In 2011, the average cost of a gallon of gas is $3.00. What is the average inflation rate for the period 1998-2011?
Explanation
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Rate of inflation:
Average cost of a ga...
Fundamentals of Engineering Economics 3rd Edition by Chan Park
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