Betty earned $35000 in the base year of 1992. In 2004, the consumer price index stood at 124.6. Today Betty earns $55000. Find the value of her current salary of $55 000 in terms of 1992 dollars. O $68530 $28089.89 O $44141.25 $41250

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Betty earned $35000 in the base year of 1992. In 2004, the consumer price index
stood at 124.6. Today Betty earns $55000. Find the value of her current salary of
$55 000 in terms of 1992 dollars.
O $68530
$28089.89
O $44141.25
$41250
Transcribed Image Text:Betty earned $35000 in the base year of 1992. In 2004, the consumer price index stood at 124.6. Today Betty earns $55000. Find the value of her current salary of $55 000 in terms of 1992 dollars. O $68530 $28089.89 O $44141.25 $41250
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