Answer: 0.95%
Step-by-step explanation:
Use the future value formula to calculate this with inflation as the rate by which the amount is increasing.
Future value = Amount * ( 1 + r) ^ no. of periods
299,000 = 272,000 * ( 1 + r) ¹⁰
( 1 + r) ¹⁰ = 299,000 / 272,000
( 1 + r) ¹⁰ = 1.099
1 + r = ¹⁰√1.099
r = 1.009484 - 1
r = 0.95%
