https://file.aiquickdraw.com/mathbot/file/1724402815652tdepbnlx.jpg

To solve the problem, I'll analyze the provided image and walk you through the solution.

### Step 1: Understanding the Table
The table lists different years and corresponding price indices for food, showing the price index changes from 2020 to 2023. The goal is to use this information to calculate the cost of food in 2023 given the cost in 2020.

### Given:
- **Year 2020 (Base year)**: Price Index is 100
- **Year 2023**: Price Index is 112

### Step 2: Applying the Price Index Formula
The price index can be used to calculate the cost of an item in different years using the formula:

\[
\text{Cost in Year 2023} = \text{Cost in Year 2020} \times \frac{\text{Price Index in 2023}}{\text{Price Index in 2020}}
\]

### Step 3: Calculation
Given that the cost of making the food in 2020 is RM20, we use the following values:
- Cost in 2020 = RM20
- Price Index in 2023 = 112
- Price Index in 2020 = 100

Now, plug these into the formula:

\[
\text{Cost in 2023} = 20 \times \frac{112}{100} = 20 \times 1.12 = 22.4
\]

So, the cost of making the food in 2023 would be **RM22.40**.

### Conclusion:
The calculated cost of making the food in the year 2023, given the cost in 2020 was RM20, is **RM22.40**.

Would you like more details or have any further questions?

---

Here are five related questions you might consider:
1. How do price indices affect the cost of living over time?
2. What other factors could influence the cost of goods besides the price index?
3. How could inflation impact the accuracy of this price index method?
4. What would happen if the price index decreases in a given year?
5. Can this method be applied to non-food items or services?

**Tip:** When comparing prices across different years, always use the price index relative to the base year to ensure accurate calculations.

Learn how to calculate the cost of making food in 2023 based on price indices from 2020. This problem involves using the price index formula to determine cost changes over time, specifically for food items. Suitable for students in Grades 10-12.

Math Problem Statement

Solution

Ask a new question for Free

By Image

Math Problem Analysis

Mathematical Concepts

Formulas

Theorems

Suitable Grade Level

Related Recommendation