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A typical high-income household in 1980 earned $140,397. A similar household in 2009 earned $168,727. What was the relative increase i
Question
A typical high-income household in 1980 earned $140,397. A similar household in 2009
earned $168,727. What was the relative increase in income for these households from
1980 to 2009? Round to the nearest one percent.
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Mathematics
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2021-08-22T20:32:56+00:00
2021-08-22T20:32:56+00:00 1 Answers
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Answers ( )
Answer:
20.2 %
Step-by-step explanation:
A typical high-income household in 1980 earned $140,397.
A similar household in 2009 earned $168,727.
We need to find the relative increase in income for these households from 1980 to 2009.
It can be calculated as follows :
So, the required percent is 20.2%.