The index of 1992 is 100. It rises by 5% in 1993, falls 2% in 1994, rises 40% in 1995, rises 10% in 1996, falls 3% in 1997 and rises 8% in 1998. Find out the indices for the 7 years assuming that all the increases and decreases are the percentages of the respective preceding years. Also recast the indices shifting the base to 1996.
The index of 1992 is 100. It rises by 5% in 1993, falls 2% in 1994, rises 40% in 1995, rises 10% in 1996, falls 3% in 1997 and rises 8% in 1998. Find out the indices for the 7 years assuming that all the increases and decreases are the percentages of the respective preceding years. Also recast the indices shifting the base to 1996.
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section: Chapter Questions
Problem 9T
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Transcribed Image Text:The index of 1992 is 100. It rises by 5% in 1993, falls 2% in 1994, rises 40%
in 1995, rises 10% in 1996, falls 3% in 1997 and rises 8% in 1998. Find out the
indices for the 7 years assuming that all the increases and decreases are the
percentages of the respective preceding years. Also recast the indices shifting
the base to 1996.
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