Mitchell earned $66,000 in 2005. How much would he earn in 2014 if his earnings gre at the rate of inflation during this period? Use the CPI provided in the following table,

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A: The formula to find the percentage increase is,

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A: let   P = $350 the principal invested r = 0.045 or 4.5% annual interest rate   t = 21 years

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A: Here I am attaching image so that you understand each and every step.

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