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In 1978, a kg of paper was sold at Rs25/-.If the paper rate increases at 1.5% more than the inflation rate which is 6.5% a year, then what wil be the cost of a kg of paper after 2 years?
(a) 29.12
(b) 29.16
(c) 30.12
(d) 32.65
(e) none of these
Read Solution (Total 4)
-
- 1.5%+6.5% = 8% ( rate increase every year)
25*8% = 2/- 25+2= 27
27*8% = 2.16/- 27+2.16 = 29.16 /-
ans is (b) 29.16 - 8 years agoHelpfull: Yes(24) No(2)
- rate increases every year 1.5%+6.5%=8%
after 2 years the cost will be 25*(1+8/100)^2=29.16
ans is (b) - 8 years agoHelpfull: Yes(3) No(0)
- 1.5%+6.5=8%
p(1+r/100)^2
25(1+8/100)^2
29.16 - 8 years agoHelpfull: Yes(2) No(0)
- total percentage increase= 1.5%+6.5%=8%
after 1 year cost will be=(8%of 25)+25=27
So, after 2 year cost of paper will be=(8%of27)+27=29.16 - 5 years agoHelpfull: Yes(0) No(0)
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