Alegebra II

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

  1. 👍 0
  2. 👎 0
  3. 👁 82
  1. A =

    1. 👍 0
    2. 👎 0

Respond to this Question

First Name

Your Response

Similar Questions

  1. Math

    Is this how I would do this problem? What is the percent increase in the population for all six inhabited continents, excluding Asia, from 1950 to 2000? Add all of the 1950 populations together, add all the 2000 populations

    asked by Stacy on June 5, 2007
  2. Math 115 CH 8

    What was the percent increase in the mean population from 1950 to 2000? 1950 mean: 426,000,042.5 2000 mean: 1,046,500,000 Do I divide the mean for 2000 by the mean for 1950?

    asked by Debbie on December 8, 2008
  3. Math

    The table shows the population of the larger U.S. cities. A. Construct a bar graph of the data. B. Describe how the population of San Diego changed from 1950 to 2000. C. Which city had the greatest percent increase from 1950 to

    asked by Mikayla on March 8, 2018
  4. math

    According to the US Bureau of the Census, the world population in the year 1950 was A=2555360972, and in 2000 it was B=6079006982. We'll use A and B so we don't have to keep writing those large and idiosyncratic numbers. We

    asked by Anonymous on January 23, 2015
  5. please help - maths

    Data are collected on the average second-hand price of a particular model of car, from back copies of car trading magazines. The model of car was manufactured in 2000. Year 2001 2002 2003 2004 2005 Average price (£) 11015 5920

    asked by carrie on May 18, 2007
  6. math

    The price of a certain commodity is a function of supply and demand. The table below shows the price of commodity per barrel between 1995 and 2000. Find the average anual rate of change between 1998 and 2000. Year Price/barrel

    asked by Re re on February 10, 2010
  7. Geometry

    A)What was the mean population of the six continents or land masses that were habitable in 2000? B) What was the mean population in 1950? C) What was the percent incease in the mean population from 1950 to 2000?

    asked by greatdanelola on January 21, 2008
  8. Math

    What was the percent increase in population from 1950 to 2000 in Europe? 1950= 392,000,000 2000= 510,000,000

    asked by greatdanelola on January 28, 2008
  9. Statistics

    Using advertised prices for used Ford Escorts a linear model for the relationship between a car's age and its price is found. The correlation coefficient is - 0.933 Determine R2 and interpret this statistic. A) R2 = 93.3% which

    asked by Katie on May 26, 2013
  10. Math

    The pric of a certain commodity is a function of supply and demand. The table below shows the price of commodity per barrel between 1995 and 2000. Find the average anual rate of change between 1998 and 2000. Year Price/barrel 1995

    asked by Anonymous on February 10, 2010

More Similar Questions