QuestionAugust 15, 2025

If inflation is 3% a year, your salary should increase by at least fill in blank each year. 1% 2% 3% 4%

If inflation is 3% a year, your salary should increase by at least fill in blank each year. 1% 2% 3% 4%
If inflation is 3%  a year, your salary should
increase by at least fill in blank
each year.
1% 
2% 
3% 
4%

Solution
4.2(220 votes)

Answer

3\% Explanation 1. Identify the Inflation Rate The inflation rate is given as 3\% per year. 2. Determine Salary Increase to Match Inflation To maintain purchasing power, salary should increase by at least the inflation rate.

Explanation

1. Identify the Inflation Rate<br /> The inflation rate is given as $3\%$ per year.<br /><br />2. Determine Salary Increase to Match Inflation<br /> To maintain purchasing power, salary should increase by at least the inflation rate.
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