Charles started working in 2006 when the CPI was 100. His salary has remained at $30,000 since 2006. The CPI today is 200. A. Calculate the real value of his salary today. B. What should be his salary today in order to maintain the same buying power he had in 2006?

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Charles started working in 2006 when the CPI was 100. His salary has
remained at $30,000 since 2006. The CPI today is 200.
A. Calculate the real value of his salary today.
B. What should be his salary today in order to maintain the same buying
power he had in 2006?
Transcribed Image Text:Charles started working in 2006 when the CPI was 100. His salary has remained at $30,000 since 2006. The CPI today is 200. A. Calculate the real value of his salary today. B. What should be his salary today in order to maintain the same buying power he had in 2006?
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