If the CPI (consumer price index) of 141 increased 8.3 % this year. What was the end of year CPI?

Question

Mathematics

Crawford

22 March, 18:40

If the CPI (consumer price index) of 141 increased 8.3 % this year. What was the end of year CPI?

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Answers (1)

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Mason Riley · Answer 1

If the CPI increased by 8.3%, therefore this means that there was a fractional increase of 0.083. So amount increased is:

CPI increase = 141 * 0.083 = 11.703

Therefore the end of year CPI is the sum of the original and the increase:

end of year CPI = 141 + 11.703 = 152.703

Answer:

152.703