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A Part of the CPI Table Is Given Below Suppose That a Statistician's Salary Was $64000 in 1985

question 7

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A part of the CPI table is given below:  Year 1975198019851990199520002005 CPI 53.882.4107.6130.7152.4172.2195.3\begin{array} { | l | l | l | l | l | l | l | l | } \hline \text { Year } & 1975 & 1980 & 1985 & 1990 & 1995 & 2000 & 2005 \\\hline \text { CPI } & 53.8 & 82.4 & 107.6 & 130.7 & 152.4 & 172.2 & 195.3 \\\hline\end{array} Suppose that a statistician's salary was $64000 in 1985. What would the salary have to be in 2005 to keep up with inflation (rounded to the nearest $1000) ?


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Overestimate

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