The following question requires your selection of CCC/CCE Scenario 4 (2.7.50.1.1) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
What is the cost index value of copper at the end of Year 2? (rounded to 2 decimal positions)
A . 4.62
B . 4.24
C . 4.10
D . 4.31
Answer: D
Explanation:
Year 1 Index=4.20×(1+0.01)=4.242 Year 2 Index=4.242×(1+0.015)≈4.305text{Year 2 Index} = 4.242 times (1 + 0.015) approx 4.305Year 2 Index=4.242×(1+0.015)≈4.305
Rounding to two decimal places: Year 2 Index≈4.31text{Year 2 Index} approx 4.31Year 2 Index≈4.31
D. 4.31
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