The rate of inflation was 1000%. Then, what will be the cost of an article, which costs 6 units of currency now, 2 years from now?
option
a) 666
b) 660
c) 720
d) 726

• 1st yr 1000% of 6 is 60
  then 66
  scnd year1000% of 66 is 660
  ans 660+66=726
  726 is ans
• 11 years agoHelpfull: Yes(47) No(0)
• compound interest..
  p=6, r=1000, n=2
  amount=p[1+(r/100)]^n
  =6[1+(1000/100)]^2
  =6*11*11= 726
• 11 years agoHelpfull: Yes(8) No(0)
• 720
  1st yr 1000% of 6 is 60
  so cost wil be 60+6=66
  2nd yr 1000% of 66 is 660
  so cost will be 660+60=720
• 11 years agoHelpfull: Yes(6) No(11)
• 6*1000/100=60;60+6=66 after 1 year
  66*1000/100=660;660+66=726
• 11 years agoHelpfull: Yes(3) No(0)
• 720 as 60+(1000%of(60+1000%6))
• 11 years agoHelpfull: Yes(1) No(1)
• At the end of first year = 1000% of 6= 60
  so, 60 +6= 66,
  At the end of second year = 1000% of 66= 660
  So, total = 660+66=726 Ans.
• 11 years agoHelpfull: Yes(0) No(0)
• 720
  1st yr 1000% of 6 is 60
  so cost wil be 60+6=66
  2nd yr 1000% of 66 is 660
  so cost will be 660+60=720
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• 9 years agoHelpfull: Yes(0) No(0)
• ans-d)726 reason...........present price=6 after a year ,...new price =6+(price rise)=6+6*1000/100=66. now new price after 1 year=66 ..........again for the next year after inflation price =66+66*1000/100=726 therefore right answer is d)726
• 9 years agoHelpfull: Yes(0) No(0)
• ugiu 666 666
• 6 years agoHelpfull: Yes(0) No(0)