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Lee is a hospital Nurse in Colombo and in 2000 she had yearly salary of $60,000. In 2010 she earned $92,000 as salary. The Price Index representing her buying power in 2000 was 100 and in 2010 it is 164. In 2011 Lee decided to keep working at that hospital and her new salary of 2011 is $108,000 per year and the 2011 price index is now 171. Now, what is the approximate value of her buying power now expressed in 2000 dollars?

Lee is a hospital Nurse in Colombo and in 2000 she had yearly salary of $60,000. In 2010 she earned $92,000 as salary. The Price Index representing her buying power in 2000 was 100 and in 2010 it is 164. In 2011 Lee decided to keep working at that hospital and her new salary of 2011 is $108,000 per year and the 2011 price index is now 171. Now, what is the approximate value of her buying power now expressed in 2000 dollars?

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Lee is a hospital Nurse in Colombo and in 2000 she had yearly salary of $60,000. In 2010 she earned $92,000 as salary. The Price Index representing her buying power in 2000 was 100 and in 2010 it is 164. In 2011 Lee decided to keep working at that hospital and her new salary of 2011 is $108,000 per year and the 2011 price index is now 171. Now, what is the approximate value of her buying power now expressed in 2000 dollars? $32,927 $31,579 $26,900 $29,466
Transcribed Image Text:Lee is a hospital Nurse in Colombo and in 2000 she had yearly salary of $60,000. In 2010 she earned $92,000 as salary. The Price Index representing her buying power in 2000 was 100 and in 2010 it is 164. In 2011 Lee decided to keep working at that hospital and her new salary of 2011 is $108,000 per year and the 2011 price index is now 171. Now, what is the approximate value of her buying power now expressed in 2000 dollars? $32,927 $31,579 $26,900 $29,466
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