The average starting salary for engineers for 2008 is $53,000. What is the equivalent salary in terms of purchasing power of 2000? Assume that the general inﬂation rate over the last 8 years is known to be 4%.

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Q. The average starting salary for engineers for 2008 is $53,000. What is the equivalent salary in terms of purchasing power of 2000? Assume that the general inﬂation rate over the last 8 years is known to be 4%.

(A) 34980

(B) 38727

(D) 40276

Correct : Option (C)

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Q. The average starting salary for engineers for 2008 is $53,000. What is the equivalent salary in terms of purchasing power of 2000? Assume that the general inﬂation rate over the last 8 years is known to be 4%.

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