Your father tells you he earned $1.50 per hour when he was 16 in 1969;you remember making $6.00 per hour when you were 16 in 2003.Given that the CPI was 36.7 in 1969 and 184.0 in 2003,which of the following is the 2003 real equivalent of your father's hourly earnings when he was 16?
A)$2.76.
B)$5.01.
C)$6.23.
D)$7.52.

Question

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The Answer of Your father tells you he earned $1.50 per hour when he was 16 in 1969;you remember making $6.00 per hour when you were 16 in 2003.Given that the CPI was 36.7 in 1969 and 184.0 in 2003,which of the following is the 2003 real equivalent of your father's hourly earnings when he was 16?
A)$2.76.
B)$5.01.
C)$6.23.
D)$7.52.

Your Father Tells You He Earned $1