Solve the Problem Suppose That an Item Cost $46 in 1975

question 113

Multiple Choice

Solve the problem.
-A part of the Consumer Price Index (CPI) is given below: $$\begin{array} { l | c | c | c | c | c } \text { Year } & 1975 & 1980 & 1985 & 1990 & 1995 \\\hline \text { CPI } & 53.8 & 82.4 & 107.6 & 130.7 & 152.4\end{array}$$ Suppose that an item cost $46 in 1975. If the cost of that item just "kept up with inflation," what would it cost, to
The nearest dollar, in 1995?

• A)$198
• B)$130
• C)$16
• D)$100

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