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9 February, 06:37

If prices increase at a monthly rate of 3.9%, by what percentage do they increase in a year?

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  1. 9 February, 06:48
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    If it increases at 3.9% a month, then in a year it increases 46.8%.

    This is because a year has 12 months and so take 3.9 (12) = 46.8
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