Homework Help: Math

Posted by Sray on Saturday, May 22, 2010 at 3:51pm.

The value of an index-linked pension is updated each September using the RPI. In September 2007 the pension paid Ł265. Calculate the value of the pension in September 2008. The value of the RPI was 208.0 in September 2007 and 218.4 in September 2008

Math (inflation indexing) - drwls, Saturday, May 22, 2010 at 8:41pm
(218.4/208.0)* Ł265 = Ł278.25

In the USA, the RPI (Retail Price index) is called the COLA (Cost of Living Adjustment).

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