6
lesson pretestMultiple Choice

Pretest

Question 6 • Financial Math

The price of bananas increased from $⁢0.507 per pound in 2004 to $⁢0.612 per pound in 2024. What is the CPI for 2024, using 2004 as the base year? Consumer price index formula: CPI=((cost of basket in current year)/(cost of basket in base year))⋅100

Answer
A
121
B
127
C
110
D
133
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The price of bananas increased from $⁢0.507 per…