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The average price of a new house was $3,395 in 1915,when the CPI was 10.1. How much would the average new house cost in 1995
The average price of a new house was $3,395 in 1915,when the CPI was 10.1. How much would the average new house cost in 1995 when adjusted for inflation?(The CPI in 1995 was 152.4.)
$34,289.50
$43,580.20
$51,227.52
$73,892.54
$87,652.89
My answer was $43,580.20, is this correct?
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