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Suppose you needed $25,000 to maintain a particular standard of living in 1979. How much would you have needed in 2004 to maintain the same standard of living? Assume that all prices have risen at the same rate as the CPI. How much would you have needed? $ (Round to the nearest dollar.) Average Annual Consumer Price Index (CPI) (1982-1984-100) Year CPI Year CPI Year CPI 1973 44.4 1984 103.9 1995 152.4 1974 49.3 1985 107.6 1996 156.9 1975 53.8 1986 109.6 1997 160.5 1976 56.9 1987 113.6 1977 60.6 1988 118.3 1978 65.2 1989 1979 72.6 1990 130.7 1998 163.0 1999 166.6 124.0 2000 172.2 2001 177.1 1980 82.4 136.2 2002 179.9 1991 1981 90.9 1992 140.3 2003 1993 144.5 2004 1982 96.5 1983 99.6 1994 148.2 2005 184.0 188.9 195.3

Suppose you needed $25,000 to maintain a particular standard of living in 1979. How much would you have needed in 2004 to maintain the same standard of living? Assume that all prices have risen at the same rate as the CPI. How much would you have needed? $ (Round to the nearest dollar.) Average Annual Consumer Price Index (CPI) (1982-1984-100) Year CPI Year CPI Year CPI 1973 44.4 1984 103.9 1995 152.4 1974 49.3 1985 107.6 1996 156.9 1975 53.8 1986 109.6 1997 160.5 1976 56.9 1987 113.6 1977 60.6 1988 118.3 1978 65.2 1989 1979 72.6 1990 130.7 1998 163.0 1999 166.6 124.0 2000 172.2 2001 177.1 1980 82.4 136.2 2002 179.9 1991 1981 90.9 1992 140.3 2003 1993 144.5 2004 1982 96.5 1983 99.6 1994 148.2 2005 184.0 188.9 195.3

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 23E
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Suppose you needed $25,000 to maintain a particular standard of living in 1979. How much would you have needed in 2004 to maintain the same standard of living? Assume that all prices have risen at the same rate as the CPI. How much would you have needed? (Round to the nearest dollar.) Average Annual Consumer Price Index (CPI) (1982-1984-100) Year CPI Year CPI Year CPI 1973 44.4 1984 103.9 1995 152.4 1974 49.3 1985 107.6 1996 156.9 1975 53.8 1986 109.6 1997 160.5 1976 56.9 1987 113.6 1998 163.0 1977 60.6 1988 118.3 1999 166.6 1978 65.2 1979 72.6 1989 124.0 2000 172.2 1990 130.7 2001 177.1 1980 82.4 1991 136.2 2002 179.9 1981 90.9 1992 140.3 2003 184.0 1982 96.5 1993 144.5 2004 188.9 1983 99.6 1994 148.2 2005 195.3
Transcribed Image Text:Suppose you needed $25,000 to maintain a particular standard of living in 1979. How much would you have needed in 2004 to maintain the same standard of living? Assume that all prices have risen at the same rate as the CPI. How much would you have needed? (Round to the nearest dollar.) Average Annual Consumer Price Index (CPI) (1982-1984-100) Year CPI Year CPI Year CPI 1973 44.4 1984 103.9 1995 152.4 1974 49.3 1985 107.6 1996 156.9 1975 53.8 1986 109.6 1997 160.5 1976 56.9 1987 113.6 1998 163.0 1977 60.6 1988 118.3 1999 166.6 1978 65.2 1979 72.6 1989 124.0 2000 172.2 1990 130.7 2001 177.1 1980 82.4 1991 136.2 2002 179.9 1981 90.9 1992 140.3 2003 184.0 1982 96.5 1993 144.5 2004 188.9 1983 99.6 1994 148.2 2005 195.3
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