After some consideration it has been decided to change the base year for the fuel index from 2000 to 2005.
(2000=100) (2005=100)
1998 92 A
1999 98 B
2000 100 C
2001 104 D
2002 110 E
2003 118 F
2004 120 G
2005 125 H
2006 115 I
Find the value of C.
To find the value of C, we need to find the index value for 2000 based on the new base year of 2005.
To convert the values from 2000=100 to 2005=100, we need to multiply the 2000=100 values by the ratio of the 2005=100 value over the 2000=100 value.
The ratio of 2005=100 value over the 2000=100 value is 125/100 = 1.25
So, to find the value of C:
C = 100 * 1.25
C = 125
Therefore, the value of C is 125.