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Computing price based on consumer price index

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Reference no: EM13131211

The consumer price index for a new car in 1990 was 110.2, and in 1995 it was 136.5. If the price of the car was $12,880 in 1990, what was the price in 1995?

a. $15,362

b. $15,954

c. $16,060

d. $16,267

Reference no: EM13131211

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