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Solve the Problem Suppose an Actuary's Salary Was $46,000 in 1980

Question 27

Multiple Choice

Solve the problem.
-A part of the Consumer Price Index (CPI) is given below:  Year 19751980198519901995 CPI 53.882.4107.6130.7152.4\begin{array} { c | c | c | c | c | c } \text { Year } & 1975 & 1980 & 1985 & 1990 & 1995 \\\hline \text { CPI } & 53.8 & 82.4 & 107.6 & 130.7 & 152.4\end{array} Suppose an actuary's salary was $46,000 in 1980. What would the salary have to be in 1990 to keep up with
Inflation (round to the nearest $1000) ?


A) $78,000
B) $124,000
C) $29,000
D) $73,000

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