A gallon of unleaded gasoline cost $1.15 in 1995 (CPI = 152.4) , while a gallon of gasoline cost $1.99 in 2016 (CPI = 237.1) .
What amount in 2016 has the same buying power as $1.15 in 1995?
A) $1.15
B) $1.79
C) $1.99
D) $3.89
E) $3.61
Correct Answer:
Verified
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