Question: Below is the price information for creating a fruit basket during the year 2000 and 2020. In year 2000: 3 apples cost $1.5; 2 pears
Below is the price information for creating a fruit basket during the year 2000 and 2020.
In year 2000: 3 apples cost $1.5; 2 pears cost $2; 4 bananas cost $0.98; 1 coconut costs $1.2
In year 2020: 3 apples cost $2.5; 2 pears cost $2.5; 4 bananas cost $1.5; 1 coconut costs $2
3a. pleaes calculate the basket price for both year 2000 and 2020
3b. please calculate the rate of inflation between year 2020 and 2000 using year 2000 as the base year
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