Question: please solve using excel step by step 4s.11 An engineer's salary was $55,000 in 2002. The same engineer's salary in 2017 is $99.500. The CPIs

please solve using excel step by step

4s.11 An engineer's salary was $55,000 in 2002. The same engineer's salary in 2017 is $99.500. The CPIs in 1996 and 2017 were 158.6 and 246.6 respectively. Which of the following statements is correct? (a) The engineer's salary kept pace with the inflation, (b) The engineer's salary did not keep pace with inflation. (c) The general inflation rate for the period 1996-2017 is higher than 2% per year. (d) The engineer could expect his salary to be higher than $108,000 by 2020

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