Exchange rate of doller vs rupee increases at the rate of 5% per month.If the current rate is rs 40 per dollar,what will be the rate at the end of 2 months?

• Exchange rate of dollar vs rupee increases at the rate of 5% per month.If the current rate is rs 40 per dollar,
  the rate at the end of 2 months = 40*1.05*1.05 = Rs. 44.1
• 11 years agoHelpfull: Yes(5) No(2)