Inflation (Grade 12 NSC Matric Mathematical Literacy): Quizzes
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10 questions from this quiz
What does inflation refer to?
What does inflation refer to?
General increase in prices over time
What does the inflation rate show?
What does the inflation rate show?
Price increase as a percentage
Which formula calculates future price with inflation?
Which formula calculates future price with inflation?
Which formula finds the previous price?
Which formula finds the previous price?
Milk costs R9.11. With 6.5% inflation, what is next year's price?
Milk costs R9.11. With 6.5% inflation, what is next year's price?
R9.70
Shoes cost R650.95 in 2014. With 6.4% inflation, what was the 2013 price?
Shoes cost R650.95 in 2014. With 6.4% inflation, what was the 2013 price?
R611.80
Cereal increased from R17.99 to R19.99. What is the inflation rate?
Cereal increased from R17.99 to R19.99. What is the inflation rate?
11.1%
In , what does represent?
In , what does represent?
Number of years
What is the key difference between forward and backward calculations?
What is the key difference between forward and backward calculations?
Forward multiplies, backward divides
How do you convert 6.5% to a decimal for calculations?
How do you convert 6.5% to a decimal for calculations?
0.065