Math, asked by dhillonsaab29514, 9 months ago

john annual income for 2015 and 2016 were 60000 and 70000 respectively. given that consumer price index for two years was 110.5 and 109.4 respectively. compute john real income for 2015 and 2016?

Answers

Answered by shellytomar

2

john annual income in2015 =60000

john CPI in 2015=110.5

john real income 2015=60000÷110.5×100=54298.64

john annual income in 2016=70000

john CPI in 2016=109.4

john real income in 2016=70000÷109.4×100=63985.37

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