Which of the following salaries will have a purchasing power of $24,035 if the inflation rate is five percent? (Points : 1)
$25,815
$27,523
$26,000
$25,300

Question

Which of the following salaries will have a purchasing power of $24,035 if the inflation rate is five percent? (Points : 1)
       $25,815
       $27,523
       $26,000
       $25,300

tkhunny · Answer

"will have"

When?

tkhunny · Answer

Let's just try one year.
25815*(1-0.05) = 24524.25

The next two will be even greater, so abandon them.

25300*(1-0.05) = 24035

Wee seem to have a winner.  We still have an ill-defined problem statement.