If an item cost $3,000 in 2007, what would be an equivalent amount in 2010 and 2011? 

Use the CPI provided in the following table. Year CPI Base Year 100 2005 102.8 $0.00 2006 Round to the nearest cent 2007 104.7 107 2008 109.1 2009 a. What would be an equivalent value in 2010? 111.5 2010 114.1 2011 114.4 2012 116.5 2013 119.9 2014 121.7 2015 122.8

Answer rating: 100% (QA)

To find the equivalent amount of 3000 in 2007 in the years 2010 and 2011 we can use the Consumer Pri... View the full answer