Question 1179930
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My solution is THIS:


    the rate of inflation = {{{the_cost_of_basket_year_2/the_cost_of_basket_year_1}}} = {{{96.25/95.00}}} = 1.01316   (rounded).    <U>ANSWER</U>


My resulting number is different from yours.
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On inflation, &nbsp;see numerous solved problems in the lesson

&nbsp;&nbsp;&nbsp;&nbsp;- <A HREF=https://www.algebra.com/algebra/homework/logarithm/Inflation-and-Salary-problems.lesson>Inflation and Salary problems</A> 

in this site.