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olasank [31]
3 years ago
12

The admission price was $1.00 in 1909. How much would the Speedway have had to charge in 1999 to match the purchasing power of $

1 in 1909? In other words, how much was that in 1999? (Don't use a $ sign, use 2 decimal places.)
Mathematics
1 answer:
olga55 [171]3 years ago
8 0

Answer: 13.04

Here are some consumer price indexes from the past 100+ years:

Year CPI

1909 9.1

1919 17.3

1929 17.1

1939 13.9

1949 23.8

1959 29.1

1969 36.7

1979 72.6

1989 118.3

1999 166.6

2009 214.5

2015 238.5

The admission price was $1.00 in 1909. How much would the Speedway have had to charge in 1989 to match the purchasing power of $1 in 1909? In other words, how much was that in 1989?

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Aleks [24]

Hello from MrBillDoesMath!

Answer:   factor = 4

Discussion:

Look at the sequence of numbers


1/64,  1/16,    1/4,    1,   4


It's seems clear that multiplying a term by 4 gives the next term in the sequence.


Thank you,

MrB

4 0
2 years ago
Why is it important to choose a bank that is a member of the FDIC?
Anettt [7]
<span>Why is it important to choose a bank that is a member of the FDIC?

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8 0
3 years ago
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yulyashka [42]

Answer:

D

Step-by-step explanation:

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Now substitute this into the second equation.

6 0
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Solve for L.<br> P = 2L + 2W<br><br><br> L = 2/(P - W)<br> L = 2(W - 2P)<br> L = (P - 2W)/2
yanalaym [24]

Answer:

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2 years ago
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