Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Computer Science Posted 28 Aug 2017 My Price 4.00

M&S equipment

A contractor purchased equipment costing $40,000 in 2010 when the M&S equipment cost index was at 1461.3. He remembers purchasing the same equipment for $21,771 many years ago, but he does not remember the year that he did so. If the M&S equipment cost index increased by 2.68% per year over that time period and the equipment increased in price exactly in proportion to the index, ( a ) in what year did he purchase the equipment and ( b )

what was the value of the index in that year?

Answers

Maurice Tutor
(5)
Status NEW Posted 28 Aug 2017 03:08 PM My Price 4.00

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