(a) The CPI was 163.0 for 1998 and 215.3 for 2008.

Chapter 5, Problem 69

(choose chapter or problem)

(a) The CPI was 163.0 for 1998 and 215.3 for 2008. Assuming that annual inflation remained constant for this time period, determine the average annual inflation rate. (b) Using the inflation rate from part (a), in what year will the CPI reach 300?

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