Latest IBM Aptitude Question SOLUTION: Q. In 1978, a kg of paper was sold at Rs 25/-.If the paper rate increases at 1.5% more than the inflation rate which is 6.5% a year, then what will be the cost of a kg of paper aft

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Q. In 1978, a kg of paper was sold at Rs 25/-.If the paper rate increases at 1.5% more than the inflation rate which is 6.5% a year, then what will be the cost of a kg of paper after 2 years?

Option
(a) 29.12
(b) 29.16
(c) 30.12
(d) 32.65
(e) None of these

Asked In IBM Piyush (10 years ago)

Solved Jigar Sheth Read Solution (5)

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Read Solution (5) :

Mayank  (10 years ago)

total increase rate=(1.5+6.5)%=8%
hence cost of a kg of paper after 2 year=25*(1+8/100)^2=29.16
hece ans is b.

Is this solution Helpfull? Yes (19) | No (1)  

Jigar Sheth  (10 years ago)

If the cost of paper is rising 1.5% above inflation, which is 6.5%, then the total cost increase for paper will be 8.0%. To figure out the cost of paper after 2 years, you use the formula:

25 * (1.08^2)
Multiplying this out: 25 * (1.1665) = 29.16.

So the cost of paper after 2 years will be 29.16

Is this solution Helpfull? Yes (16) | No   

priya sen  (10 years ago)

ans is (b)29.16

Is this solution Helpfull? Yes (4) | No (1)  

arjit srivastava  (9 years ago)

(1.5+6.5)% =8%
25*108/100*108/100
=29.16

Is this solution Helpfull? Yes (2) | No   

shiv anekar  (10 years ago)

rate of inflation=6.5,1.5% more means increase by 8%. so 25*1.08*1.08=29.16.

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