Question

CPI 1909 1919 1929 17.3 13.9 23.8 1949 1959 1969 1979 1989 1999 36.7 72.6 118.3 166.6 214.5 238.5 2015 Speedway have had to charge in 1979 to match the purchasing power of $1 in 1909? In The admission price was $1.00 in 1909. How much would the other words, how much was that in 1979? (Don't use a $ sign, use 2 decimal places.)

Answer 1

How much that will be in 1979

=value in year 1909*(CPI in 1979/CPI in 1909)

=1.00*(72.6/9.1)

=7.98

the above is answer..