To find the value of C, we need to find the index value for 2000 based on the new base year of 2005.
To convert the values from 2000=100 to 2005=100, we need to multiply the 2000=100 values by the ratio of the 2005=100 value over the 2000=100 value.
The ratio of 2005=100 value over the 2000=100 value is 125/100 = 1.25
So, to find the value of C:
C = 100 * 1.25
C = 125
Therefore, the value of C is 125.
After some consideration it has been decided to change the base year for the fuel index from 2000 to 2005.
(2000=100) (2005=100)
1998 92 A
1999 98 B
2000 100 C
2001 104 D
2002 110 E
2003 118 F
2004 120 G
2005 125 H
2006 115 I
Find the value of C.
1 answer
1 answer