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<p>[QUOTE=&quot;sand, post: 8211138, member: 118540&quot;]I just realized, that I made 2 mistakes.</p><p>1. For the USA case, my terminology was incorrect. For 7.5% inflation, after 10 years, the final price would be double (2.06 times, to be more precise), but usually that is described as meaning that the price would have increased by 100% (106% to be more precise). The increase would be (2.06 - 1) = 1.06, which is a 106% increase.</p><p>2. For the Venezuela case, when I calculated the effect of 10 years of inflation, at a rate of inflation of 686% per year, my answer of 23080284457668872281971966976% was incorrect. I made the mistake of multiplying by 686, and doing it 10 times. One has to multiply by (6.86 + 1) = 7.86, and do it 10 times. The final price would be 899,964,669.50 times the original price. This would be an increase of (899,964,669.50 - 1) = 899,964,668.50 which would be an increase of 89996466950% for the 10 year period. Still a big number, but not nearly as big as the incorrect number.[/QUOTE]</p><p><br /></p>

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