Assume the average annual CPI values for 2015 and 2016 were 207.3 and 215.3,respectively.What was the percent increase in the CPI between these two years?
A)0.96
B)1.04
C)3.86
D)8.0

Name: Assume the average annual CPI values for 2015 and 2016 were 207.3 and 215.3,respectively.What was the percent increase in the CPI between these two years? A)0.96 B)1.04 C)3.86 D)8.0
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Quizplus · Accepted Answer

The percent increase in CPI is calculated as ((215.3 - 207.3) / 207.3) * 100 = 3.86%.

Assume the Average Annual CPI Values for 2015 and 2016