Answer:
$14,903.85
Step-by-step explanation:
So, Ms. Lui earns $775,000 each year. To find the weekly salary, we have to divide the annual income by the amount of weeks in a year. There are about 52 weeks in one year. Let's find the weekly salary:
Therefore, Ms. Lui earns $14,903.85 a week.
Hope this helps! If you have questions about my work, please leave them in the comments!
CPI in 1960 = 29.6
CPI in 1980 = 82.4
Growth (%) in CPI = × 100
⇒ Growth (%) in CPI = × 100
⇒ Growth (%) in CPI = 178.3783.. %
⇒ Growth (%) in CPI = 178.4%
Now, we know that price of frozen chicken pie in 1960 = $0.28
Also, we know that over 1960 to 1980, frozen chicken pie price grew at the same rate as CPI
Hence, Price of Chicken Pie in 1980 = Price of Chicken Pie in 1960 × (1 + Growth in CPI)
⇒ Price of Chicken Pie in 1980 = 0.28 × (1 + 178.4%)
⇒ Price of Chicken Pie in 1980 = 0.28 + (0.28 × 178.4%)
⇒ Price of Chicken Pie in 1980 = 0.28 + 0.49952
⇒ Price of Chicken Pie in 1980 = 0.28 + 0.50
⇒ Price of Chicken Pie in 1980 = $0.78
Hence, price of chicken pie in 1980 would be ~$0.78