Question: An engineer earned $22,400 per year when he began his career. Thirty years later, his annual salary was $97,500. The inflation index over this same

An engineer earned $22,400 per year when he began his career. Thirty years later, his annual salary was $97,500. The inflation index over this same period grew from 415.23 to 1,021.39. What was his real annual salary increase? What is his current salary in real terms?

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