document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=614884>Question 614884</A>: <I><SPAN STYLE=\"word-break: break-all;\"> The cost of living in each quarter (3 months) increased by 2% over the previous quarter. To the nearest tenth of a percent, to what annual percentage rate of increase does this correspond? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #386844 by </B><A HREF=/tutors/aboutme.mpl?userid=Alan3354><B>Alan3354(69443)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Alan3354><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=Alan3354><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=386844\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> The cost of living in each quarter (3 months) increased by 2% over the previous quarter. To the nearest tenth of a percent, to what annual percentage rate of increase does this correspond?<BR>\n" );
document.write( "-------------<BR>\n" );
document.write( "= 1.02^4 - 1<BR>\n" );
document.write( "= 0.0824<BR>\n" );
document.write( "--> 8.2% </SPAN>\n" );
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