Question 1154155
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<U>Definition</U>


<pre>
    Inflation is a quantitative measure of the rate at which the average price level of a basket 
    of selected goods and services in an economy increases over a period of time.
</pre>

<pre>
Then it is clear that the formula is


    annual salary in  6 years = {{{500000*(1+0.062)^6}}},


and the answer is


    annual salary in 6 years = {{{500000*1.062^6}}} = Php 717,327  (rounded to the nearest integer value).    <U>ANSWER</U>
</pre>

Solved.