7
QuizMultiple Choice

Topic Test

Question 7 • FowU - Financial Math - B

Minneapolis, MN has a CPI of 173. Anchorage, AK has a CPI of 226. How does the purchasing power of someone in Minneapolis earning a salary of $42,500 compare to the purchasing power of someone in Anchorage earning a salary of $67,000?a.The person living in Minneapolis has $57.61/CPI more than the person in Anchorage.b.The person living in Minneapolis has $130.45/CPI more than the person in Anchorage.c.The person living in Anchorage has $50.80/CPI more than the person in Minneapolis.d.The person living in Anchorage has $90.82/CPI more than the person in Minneapolis.

Answer
A
A
B
B
C
C
D
D
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Minneapolis, MN has a CPI of 173. Anchorage, AK…