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Your father earned $34,000 per year in 1984. To the nearest dollar, what is that equivalent to in 2014 if the CPI in 2014 is 2
1 answer:
Answer:
The answer is : 70288.46
Step-by-step explanation:
Your father earned $34,000 per year in 1984.
The CPI in 2014 is 215 and the CPI in 1984 is 104.
The CPI or consumer price index examines the weighted average of prices of goods and services like transportation, food etc.
The Current income equivalent will be = value in 1984 X ( CPI in 2014/CPI in 1984)
= 70288.46
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Given the function of the population for the town is , where t is the time in years. Comparing the given function to the general function of the population,
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