Question: An engineer earned $22,700 per year when he began his career. Thirty years later, his annual salary was $98,100. The inflation index over this same

An engineer earned $22,700 per year when he began his career. Thirty years later, his annual salary was $98,100. The inflation index over this same period grew from 418.56 to 1,030.99.

What was his real annual salary increase? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

What is his current salary in real terms? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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