Overnight… our money is now worth 25% less?
25% inflation?
$16 to $20… what percentage inflation
To find the percentage increase from $16 to $20, you can use the formula for percentage change:
[
\text{Percentage Increase} = \left( \frac{\text{New Value} – \text{Original Value}}{\text{Original Value}} \right) \times 100\%
]Substituting the values:
[
\text{Percentage Increase} = \left( \frac{20 – 16}{16} \right) \times 100\% = \left( \frac{4}{16} \right) \times 100\% = 0.25 \times 100\% = 25\%
]So, the inflation from $16 to $20 is 25%.