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Social Science Clinic => Business => Topic started by: jjjetplane on Jun 7, 2019

Title: Cindi's annual incomes for 2002, 2006, and 2009 were $25 000, $51 000, and $42 800 respectively. ...
Post by: jjjetplane on Jun 7, 2019

Question 1

Mr.Singh needs to buy an airline ticket from Air Canada for C$1 480. How much would it cost him in Indian rupees? Use Table 3.2 on page 120 to answer the question.

Question 2

Cindi's annual incomes for 2002, 2006, and 2009 were $25 000, $51 000, and $42 800 respectively. Given that the Consumer Price Index for the three years 100.0, 109.1, and 114.4 respectively, compute Cindi's real income for 2006 and 2009.

Title: Cindi's annual incomes for 2002, 2006, and 2009 were $25 000, $51 000, and $42 800 respectively. ...
Post by: akemokai on Jun 7, 2019

Answer 1

Let the number of rupees be x. From the Table
x × 0.0226 = 1480
x = = 65 486.73
Mr. Singh has to pay 65 486.73 Indian rupees for his C$1 480 ticket. Alternative solution is possible.

Answer 2

Cindi's real income in 2006 = (100) = $46 746.10
Cindi's real income in 2009 = (100) = $37 412.59