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21 Johnny's salary in 2021 was $50,000 per year. He received a $5,000 salary increase effective in 2022 bringing his new salary to $55,000 per

21
Johnny's salary in 2021 was $50,000 per year. He received a $5,000 salary increase effective in 2022 bringing his new salary to $55,000 per year. The Consumer Price Index was 200 at the end of December, 2020 and 210 at the end of December, 2021, which indicates a 5% inflation rate throughout 2021. Disregarding the effects of inflation, in percentage terms, how much did Johnny's salary go up from 2021 to 2022? After factoring in the effects of inflation, in percentage terms, how much did Johnny's REAL salary go up from 2021 to 2022

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