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Ivan
3 years ago
12

Today, Jennifer earns $55000 at her first job. Her mom used to make $15,000 at her first job in 1975. Jennifer is of the opinion

that she makes more than her mom would have made if she started working today. Her mom thinks Jennifer would have earned less than she if Jennifer had started working in 1975. If the CPI today is 237 and the CPI in 1975 was 82, then
Business
1 answer:
valina [46]3 years ago
6 0

Answer:

Jennifer makes more.

Explanation:

($15,000/82) x 237= $43,354  

 

($55,000/237) x 82 = $19,030  

Jennifer makes more.

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Answer:

Rate of return is 20%

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