If the inflation rate is 1500%, does that mean that a $5 item will cost 1500 times the base price?

Md Ariful Islam

বিএসসি(সিএসই) , এমবিএ(মার্কেটিং)

সফটওয়্যার ইঞ্জিনিয়ার Bissoy.com

4 views

2025-01-04 04:42

1 Answers

Dr. Md Rushad Rahman

এমবিবিএস(আরপিএমসি) , পিজিটি(মেডিসিন)

ইন্ডোর মেডিকেল অফিসার রংপুর কমিউনিটি মেডিকেল কলেজ হাসপাতাল,রংপুর সাধারণ চিকিৎসক প্রধান মেডিকেল সেন্টার,ঢাকা ক্যান্টনমেন্ট,ঢাকা বিএমডিসি রেজিস্টার.নং. এ-১02864

1500% is 15 times the original, so 1500% of $5 is $75. But since inflation is a rate of growth, it means the $5 item would inflate to $5 + $75 or $80.

4 views Answered 2020-07-20 08:12

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