You made $3000 on a part time job last year. If you expect to make the same amount this year and the inflation rate is 3%, what is your purchasing power?

Question

You made $3000 on a part time job last year.  If you expect to make the same amount this year and the inflation rate is 3%, what is your purchasing power?

Henry · Answer

P.P. = 3000 - 0.03*3000 = $2910.

anne · Answer

this is correct. i had it on my test. other answers show 3090 which is wrong. it needs to be purchasing power amount so the answer is 2910