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Question

In the early 1920s, Germany had tremendously high inflation, called hyperinflation. Photographs of the time show people going to the store with wheelbarrows full of money. If a loaf of bread cost 1/4 marks in 1919 and 2,400,000 marks in 1922, what was the average yearly inflation rate between 1919 and 1922? What continuous rate does this correspond to?

Answer 1

2399999.75/3 = 799999.916