Multiple Choice
In 1983,one could buy a model radio-controlled airplane for $11.50 each.Those same planes are available today and the price increased at exactly the rate of inflation.If the CPI today is 220.5 and in 1983 was 105,what is the price of the airplane today?
A) $24.15
B) $11.50
C) $5.48
D) $2.10
Correct Answer:
Verified
Correct Answer:
Verified
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