From the following data find : (i) The real wages for each of the years (ii) The year of the greatest buying power (iii) The percentage increase in the wages for the year 1998 required to provide the same buying power as that of the highest real wages. 1995 1996 1997 1998 Year Cost of living index Weekly carry home wages 1993 1994 150 145 110 120 130 140 145 105 110 115 125 140
From the following data find : (i) The real wages for each of the years (ii) The year of the greatest buying power (iii) The percentage increase in the wages for the year 1998 required to provide the same buying power as that of the highest real wages. 1995 1996 1997 1998 Year Cost of living index Weekly carry home wages 1993 1994 150 145 110 120 130 140 145 105 110 115 125 140
Chapter6: Exponential And Logarithmic Functions
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Transcribed Image Text:From the following data find :
(i) The real wages for each of the years
(ii) The year of the greatest buying power
(iii) The percentage increase in the wages for the year 1998 required to
provide the same buying power as that of the highest real wages.
Year
1993
1994
1995
1996
1997
1998
Cost of living index
Weekly carry home wages
130
115
110
120
140
145
150
105
110
125
140
145
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