Janelle Earned a Salary of $40,000 in 1996 and $65,000

question 249

Multiple Choice

Janelle earned a salary of $40,000 in 1996 and $65,000 in 2006. The consumer price index was 160 in 1996 and 266 in 2006. Janelle's 1996 salary in 2006 dollars is

• A)$24,060.15.
• B)$42,400.00.
• C)$43,655.17.
• D)$66,500.00.

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