To find the value of G, we need to first calculate the index number for 2004 (G) using the base year 2005=100.
Given:
2004 index based on 2000=100 is 120
2005 index based on 2005=100 is 125
To find the index number for 2004 based on 2005=100, we can use the formula:
Index number for 2004 = (2004 index based on 2000) * (2005 index based on 2005) / (2005 index based on 2000)
Plugging in the values:
Index number for 2004 = 120 * 125 / 100
Index number for 2004 = 150
Therefore, the value of G (Index number for 2004 based on 2005=100) is 150.
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 G.
137.5
96
145.65
116.5
132.5
1 answer