The person's new salary based on the new CPI of 112 should be $30,545.
<h3>What is the consumer price index (CPI)?</h3>
The Consumer Price Index (CPI) is an aggregate measure of the average price changes over time for a market basket of consumer goods and services. The index is used by businesses, governments, and individuals to gauge the inflation trend in the economy.
Data and Calculations:
Old CPI = 110
New CPI = 112
Old salary = $30,000
New salary = $30,545 ($30,000/110 x 112)
Thus, the person's new salary based on the new CPI of 112 should be $30,545.
Learn more about the consumer price index (CPI) at brainly.com/question/24888747
Answer:
$3,310.20
Explanation:
The applicable formula in this case is
A = P x ( 1 + r )^ n
Where A= amount after 20 years
P is principle amount= $1000
r is interest rate = 6 % or 0.06 per year: monthly interest = 0.06/12
n is number of periods = 12 months x 20 years
A = $1000 x ( 1 + 0.005) ^240
A = $1000x (1.005) ^ 240
A =$1000 x 3.31020447580
A =$3,310.2044
I would think Interest rates
$560 I just took the test on primavera and this was right.
