Ruth collected pension benefits of $220 a month in 2015.If the price index rose from 90 to 105 in the period 2015-2015,what should her pension benefits for 2015 be?

Name: Ruth collected pension benefits of $220 a month in 2015.If the price index rose from 90 to 105 in the period 2015-2015,what should her pension benefits for 2015 be?
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Quizplus · Accepted Answer

To adjust for inflation, calculate the new pension by multiplying the original amount by the ratio of the new index to the old index: $220 * (105/90) = $256.67.

Ruth Collected Pension Benefits of $220 a Month in 2015