Calculating price based on a consumer price index
Assignment:
The consumer price index for a new car in 1990 was 110.2, and in 1995 it was 136.5. If the price of the car was $12,880 in 1990, what was the price in 1995?a. $15,362b. $15,954c. $16,060d. $16,267
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The consumer price index for a new car in 1990 was 110.2, and in 1995 it was 136.5. If the price of the car was $12,880 in 1990, what was the price in 1995?
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