Solved: Colas suppose the cost-of-living index had increased by 3, Mathematics

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Colas suppose the cost-of-living index had increased by 3

Question: COLAS Suppose the cost-of-living index had increased by 3% during each of the past 6 yr and that a member of the EUW Union had been guaranteed an annual increase equal to 2% above the increase in the cost-of-living index over that period. What would be the present salary of a union member whose salary 6 yr ago was $42,000?

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Mathematics: Colas suppose the cost-of-living index had increased by 3

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