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  • 27-03-2019
  • Business
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He price index was 92 in 2014, and the inflation rate was 8.7 percent between 2013 and 2014. the price index in 2013 was

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MrCreighton
MrCreighton MrCreighton
  • 27-03-2019

So we need to "back into" the answer here.

We know that 92 is some number plus 8.7%

so the equation would be 92=1.087(x)

x (the original index) = 84.64

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