Answered

what's the correct choice please help
Year. 2006. 2007. 2011 . 2012. 2013

CPI. 201.6. 207.342. 224.939. 229.594 232.957

Suppose you bought a house in 2013 for $90,000. Use the table above to calculate the 2006 value adjusted for inflation. which is the correct answer below



$90,314


$91,398


$103,999


$77,886

Answer :

Answer:

$77,886

Step-by-step explanation:

We solve this question by proportions, using a rule of three.

The table states that:

$201.6 in 2006 is worth $232.957 in 2013.

We want to find:

The value of $90,000 in 2013 in 2006:

$201.6 - $232.957

x - $90000

Applying cross multiplication

[tex]232957x = 201.6*90000[/tex]

[tex]x = \frac{201.6*90000}{232957}[/tex]

[tex]x = 77886[/tex]

$77,886 is the answer

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