Asia started working as a professional engineer in 2002 earning $64 500 per annum. In 2013, she is earning $88 100 per annum. The CPI in 2013 is 131 based on year 2002. What is the actual increase in Asia's pay in terms of 2002 dollars?
A) $2752
B) $23 600
C) -$2450
D) $19 995
E) $3605

Question

Quizplus · Accepted Answer

The actual increase in Asia's pay in terms of 2002 dollars is $2752. This is calculated by dividing the difference between her 2013 salary and her 2002 salary by the CPI in 2013.

Asia Started Working as a Professional Engineer in 2002 Earning