Johanna's grandmother gives her $9,000 to pay for the entire first year's tuition at a state college, a year from now. johanna puts the money into her checking account, but during the next year, inflation is 10% and the tuition of her college increases with inflation. how much additional money must johanna come up with to pay her tuition?

$900

Explanation:

Inflation is the general increase in price levels per period. It erodes the purchasing power of a country's currency. An inflation rate of 10% means that the currency's value has decreased by 10%.

In this case, if the school fees went up as inflation, the implication is an increment of school fees by 10 percent.

Johanna will have to increase the fee by 10%

i.e., 10% x 9000

=10/100 x 9000

= $900

what

explanation:

c

explanation: