Back to School Offer

Get 20% of Your First Order amount back in Reward Credits!

Get 20% of Your First Orderback in Rewards

All papers examples
Get a Free E-Book! ($50 Value)
HIRE A WRITER!
Paper Types
Disciplines
Get a Free E-Book! ($50 Value)

Mathematics Unit 4 Db, Math Problem Example

Pages: 1

Words: 144

Math Problem

The most recent annual inflation of Kenya is approximately 3.9 %( the last update by Otieno 2010). The currency in Kenya is Kenyan Shillings. Taking a little of petrol to be KSh80, the price would decrease after years.

Using S= C (1+r/100) ^5 and taking C= KSh80 and r = 3.9%, the price after five years or any given duration can be calculated.

The price (after five years) will be, S= 80(1+3.9/100) ^5

S = 80(1.039) ^5

S = 80*1.170572956

S = 96.87

Suppose the price of one litre of petrol in Kenya is KSh80 in 2010, we expect that after 5 years (2015) the price would have risen to KSh93.65. After inflation, the apparent value of money decreases hence the values of items seem to rise.

Reference

Otieno, J. (2010). Inflation rates. Kenya’s Annual Inflation Rate. Retrieved on 20th, June, 2010 from  http://www.bloomberg.com/apps/news?sid=az_pYtAhWM9g&pid=20601087

Xola, P. (2009). Inflation rates. Kenya’s economy. Macmillan publishers.

Time is precious

Time is precious

don’t waste it!

Get instant essay
writing help!
Get instant essay writing help!
Plagiarism-free guarantee

Plagiarism-free
guarantee

Privacy guarantee

Privacy
guarantee

Secure checkout

Secure
checkout

Money back guarantee

Money back
guarantee

Related Math Problem Samples & Examples

What Percentage of Costs Are Variable? Math Problem Example

What percentage of costs are variable? How does volume affect variable costs? Variable costs change according to the proportion of the amount of goods or [...]

Pages: 3

Words: 709

Math Problem

The Mathematics Behind the Rubik’s Cube, Math Problem Example

Rubik’s cube is a puzzle which has three planes which was invented by Ernō Rubik in 1974. Ernō Rubik was respected as a professor of [...]

Pages: 22

Words: 5972

Math Problem

Library Research Assignment, Math Problem Example

Part one There are different kinds of owls with various sizes. Some are small and others are big depending from where they come. An example [...]

Pages: 1

Words: 271

Math Problem

Springfield Express, Math Problem Example

During the past few decades, there has been a renewed interest in the amplification of the passenger railroad serviced in various parts of the United [...]

Pages: 6

Words: 1552

Math Problem

How Fluent a Winery Sounds, Math Problem Example

There is no evidence from the data which states that the sequence of the glasses influenced the data which had been derived from the volunteers. [...]

Pages: 1

Words: 398

Math Problem

What Percentage of Costs Are Variable? Math Problem Example

What percentage of costs are variable? How does volume affect variable costs? Variable costs change according to the proportion of the amount of goods or [...]

Pages: 3

Words: 709

Math Problem

The Mathematics Behind the Rubik’s Cube, Math Problem Example

Rubik’s cube is a puzzle which has three planes which was invented by Ernō Rubik in 1974. Ernō Rubik was respected as a professor of [...]

Pages: 22

Words: 5972

Math Problem

Library Research Assignment, Math Problem Example

Part one There are different kinds of owls with various sizes. Some are small and others are big depending from where they come. An example [...]

Pages: 1

Words: 271

Math Problem

Springfield Express, Math Problem Example

During the past few decades, there has been a renewed interest in the amplification of the passenger railroad serviced in various parts of the United [...]

Pages: 6

Words: 1552

Math Problem

How Fluent a Winery Sounds, Math Problem Example

There is no evidence from the data which states that the sequence of the glasses influenced the data which had been derived from the volunteers. [...]

Pages: 1

Words: 398

Math Problem

Get a Free E-Book ($50 in value)

Get a Free E-Book

How To Write The Best Essay Ever!

How To Write The Best Essay Ever!