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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Nho 3 years 2021-08-22T20:32:56+00:00 1 Answers 6 views 0

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    2021-08-22T20:34:06+00:00

    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 :

    \%=\dfrac{168727-140397}{140397}\times 100\\\\=20.17\%\\\\=20.2\%

    So, the required percent is 20.2%.

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