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marissa
4 days ago
10

From 1960 to 1970, the consumer price index (CPI) increased from 29.6 to 38.8. If a macaroni and cheese dinner cost $0.37 in 196

0 and the price of macaroni and cheese increased at the same rate as the CPI from 1960 to 1970, by approximately how much did the price of a macaroni and cheese dinner increase from 1960 to 1970? A. $0.39 B. $0.30 C. $0.12 D. $0.49
Mathematics
2 answers:
zzz [9K]4 days ago
6 0

Answer:

The right choice is C.

Step-by-step explanation:

Between 1960 and 1970, the consumer price index (CPI) rose from 29.6 to 38.8.

Let’s assume the macaroni and cheese dinner had a price of $x in 1960.

Given that a macaroni and cheese dinner cost $0.37 in 1960 and that its price increased concurrently with the CPI from 1960 to 1970, then

\frac{29.6}{38.8}=\frac{0.37}{x}

29.6x=0.37\times 38.8

x=\frac{0.37\times 38.8}{29.6}

x=0.485

The price in 1970 was $0.485 for the macaroni and cheese dinner.

The increase in price from 1960 to 1970 was

\$0.485-\$0.37=\$0.115\approx \$0.12

The cost of a macaroni and cheese dinner rose by $0.12 from 1960 to 1970.

Hence, option C is correct.

PIT_PIT [9.1K]4 days ago
3 0
<span>I'm fairly certain it's C $0.12


Good luck! I hope I was able to assist:)
</span>
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