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. $15,362
b. $15,954
c. $16,060
d. $16,267

Solution Preview :

Prepared by a verified Expert
Mathematics: Calculating price based on a consumer price index
Reference No:- TGS01913518

Now Priced at $20 (50% Discount)

Recommended (96%)

Rated (4.8/5)