To find the value of E, we first need to calculate the real earnings for each year using the formula:
Real earnings = (Annual earnings / Consumer Price Index) * 100
Using the given formula, we find:
A = 13450 / 100 * 100 = 13450
B = 13800 / 105 * 100 = 13142.86
C = 15000 / 112 * 100 = 13392.86
D = 16500 / 123 * 100 = 13414.63
Now we need to find E by using the same formula:
E = 18000 / 132 * 100
E = 13636
Therefore, the value of E is 13636.
The information below contains the annual earnings (in rands) of a company over a five year period from 2010 to 2015, as well as the Consumer Price Index for the same period:
Year Annual earnings Consumer Price Index Real earnings
2010 13450 100 A
2011 13800 105 B
2012 15000 112 C
2013 16500 123 D
2014 18000 132 E
Find the value of E.
13263
13636
13963
14633
13663
1 answer
1 answer