Respuesta :
The mentioned equation is applied to determine the inflation rate by dividing the difference between the final value and the initial value by the initial value and multiplying the resultant by 100.
What is inflation?
Inflation is the scenario where the prices of merchandise and services are rising at a very fast rate by reducing the purchasing power of people in an economy.
the rate of inflation can be determined by the following formula:
Given values:
Final value = F
Initial value = I
Now, [tex]\rm Inflation \ \rm rate=\frac{F-I}{I}\times100[/tex]
Learn more about the inflation rate in the mentioned link:
https://brainly.com/question/16021686
