Nancy received a $36,000 annual salary in 2008 (base year). Answer the following questions using the CPI table below Year 2008 2010 2012 2014 2016 CPI 100 104.8 111.5 116.5 124.8 a. What is Nancy's salary in 2014 if the company had kept pace with inflation? b. If Nancy received $45,000 in 2014, what is the percent increase in her salary from what she would have received if the company kept pace with inflation? Aound up to te decimal.places.
Nancy received a $36,000 annual salary in 2008 (base year). Answer the following questions using the CPI table below Year 2008 2010 2012 2014 2016 CPI 100 104.8 111.5 116.5 124.8 a. What is Nancy's salary in 2014 if the company had kept pace with inflation? b. If Nancy received $45,000 in 2014, what is the percent increase in her salary from what she would have received if the company kept pace with inflation? Aound up to te decimal.places.
Chapter1: Equations, Inequalities, And Mathematical Modeling
Section1.3: Modeling With Linear Equations
Problem 3ECP: Your family has annual loan payments equal to 28 of its annual income. During theyear, the loan...
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![Nancy received a $36,000 annual salary in 2008 (base year). Answer the following
questions using the CPI table below.
Year
2008
2010
2012
2014
2016
CPI
100
104.8
111.5
116.5
124.8
a. What is Nancy's salary in 2014 if the company had kept pace with inflation?
Round to the nearest cent
b. IMNancy received $45,000 in 2014 what is the percent increase in her salary from
what she would have received if the company kept pace with inflation?
Round up te tvo gerimal pres.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffe5d8197-fac3-41c2-aaf2-ed415734ea26%2Fd6e8b2a0-8adb-4205-bcd5-c45c5c8cce20%2F7ttzawc_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Nancy received a $36,000 annual salary in 2008 (base year). Answer the following
questions using the CPI table below.
Year
2008
2010
2012
2014
2016
CPI
100
104.8
111.5
116.5
124.8
a. What is Nancy's salary in 2014 if the company had kept pace with inflation?
Round to the nearest cent
b. IMNancy received $45,000 in 2014 what is the percent increase in her salary from
what she would have received if the company kept pace with inflation?
Round up te tvo gerimal pres.
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