If the CPI (consumer price index) of 141 increased 8.3 % this year. What was the end of year CPI?
1 answer:
If the CPI increased by 8.3%, therefore this means that
there was a fractional increase of 0.083. So amount increased is:
CPI increase = 141 * 0.083 = 11.703
Therefore the end of year CPI is the sum of the original and
the increase:
end of year CPI = 141 + 11.703 = 152.703
Answer:
152.703
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