Posted by ***BRiANA*** on Wednesday, October 8, 2008 at 6:34pm.

Money_Word_Problems: In 1950, the average price of a car was about $2000. This may sound inexpensive but the average income in 1950 was much less than it is now. To compare dollar amounts over time, use the formula V=A/S(C), where A is the old dollar amount, S is the starting years Consumer Price Index (CPI), C is thye converting years CPI, and V is the current value of the old dollar amount. Buying a car for $2000 was like buying a car for ho much money in the year 2000?

(USE THIS CHART)

Year Average CPI

1950 42.1

1960 29.6

1970 38.8

1980 82.4

1990 130.7

2000 174.0

## Answer this Question

## Related Questions

- Math - Is this how I would do this problem? What is the percent increase in the ...
- Math 115 CH 8 - What was the percent increase in the mean population from 1950 ...
- English - For a project im writing about 1950's food and the food that was ...
- Math - What was the percent increase in population from 1950 to 2000 in Europe? ...
- calculus - The number of U.S. citizens 65 and older from 1990 through 2050 is ...
- Geometry - A)What was the mean population of the six continents or land masses ...
- math - According to the US Bureau of the Census, the world population in the ...
- 1950's Food - For english im in a group that is doing a presentation on 1950 ...
- microeconomics - how do i figure this out? if all incomes were equalized by ...
- math - find the percent increase in the population between 1950-2000. 965,000,...