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Homework answers / question archive / When Anders took out his first two-year membership with Maxima Gym in 2004, the fee was $540

When Anders took out his first two-year membership with Maxima Gym in 2004, the fee was $540

Economics

When Anders took out his first two-year membership with Maxima Gym in 2004, the fee was $540.00. He renewed his membership three times; in 2006 for $580.00, in 2008, for $600.00, and again in 2010, for $630.00. What is the overall rate of inflation for Anders' gym membership? 

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2.96 USD

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