In 1931, a politician was paid a salary of $75,000. Government statistics show a consumer price index of 15.2 for 1931 and 195 for 2005. The politician’s 1931 salary was equivalent to a 2005 salary of about

a) $962,171
b) 1,125,008
c)1,154,262
d)1,455,995

Ans: a) $962,171