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22 December, 11:26

In 2000, when the consumer price index (cpi) was 172.2, aramis purchased a house for $111,500. assuming that the price of houses increased at the same rate as the cpi from 1990 to 2000, approximately how much would the house have cost in 1990, when the cpi was 130.7?

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  1. 22 December, 14:49
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    The answer is $84,600 ...
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