1 answer

Please explain and show work In 1970, the CPI was 39 and in 2000 it was...

Question:

In 1970, the CPI was 39 and in 2000 it was 172. A local phone call cost $0.10 in 1970. What is the price of this phone call i

please explain and show work
In 1970, the CPI was 39 and in 2000 it was 172. A local phone call cost $0.10 in 1970. What is the price of this phone call in 2000 dollars? O A. $1.72 O B. $1.42 C. $0.44 OD. $0.23 O E. $0.39

Answers

Cost in 2000 = (CPI in 2000/CPI in 1970)*cost in 1970

= (172/39) *0.1 = $0.44

Therefore (c) 0.44 is the answer to the question

.

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