QRINC offered new employees a starting salary of $34,862 in 2013. What would a comparable starting salary have been in 2003?
1 answer:
Complete Question
Table of Annual CPI values
2003-184.00
2004-188.90
2005-195.3
2006-201.6
2007-207.342
2008-215.303
2009-214.537
2010-218.056
2011-224.939
2012-229.594
2013-232.957
2014-236.736
QRINC offered new employees a starting salary of $34,862 in 2013. What would a comparable starting salary have been in 2003?
Answer:
Step-by-step explanation:
From the question we are told that
CPI for 2003(index)=2003-184.00
CPI for 2013(index)=2013-232.957
Starting salary in 2013 at $34,862
Generally comparable starting salary C is given as
Therefore C the comparable starting salary is givrn to be
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Answer:
3
Step-by-step explanation:
The fractions are: and
. Let's take a look at the denominators: 5 and 3. The LCD of 5 and 3 is 15. 5x3=15, 3x5=15. So now we would multiply the denominators to make them the same number like this:
and
. Remember that if you multiply the denominator by a certain number, you must multiply the numerator by the same number as well. For example, in
, we multiply 3 by 5 and 2 by 5. Same number. Now with that out of the way, let's work on the equation:
+
. We know it is the same as
and
. So now all we do is add the numerators together: 5+10=15 or
. Now we have to reduce the fraction.
can be reduced to 3 by dividing 15 by 5=3. The final fraction is
or can be simply put as 3 since 3/3 is a whole number. That's it - you're done!