Upon inception it was set at $0.25. It is now $7.25.

  • Not_Alec_Baldwin@lemmy.world
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    1 year ago

    7.25 / 0.25 is indeed 29, therefore a 2800% increase is correct.

    Thus, another dishonest way of stating this number is that it has increased almost 33% for each year since it was first implemented. (Not per year)