AFCAT
Government Jobs Exams
Numerical Ability
Profit and Loss
An article costs Rs 50 presently. The rate of inflation is 300%. What will be cost of this
article after two years?
(a) ` 200 (b) ` 600 (c) ` 800 (d) ` 1000
Read Solution (Total 3)
-
- formula for dis que is P[(1+R)/100] ^n
- 9 years agoHelpfull: Yes(1) No(5)
- This is a simple question of Compound Interest.
Formula to find compound interest is A = P(1+R/100)^2
P = 50, R = 300%, T = 2 years
A = 800rs. - 7 years agoHelpfull: Yes(0) No(0)
- p(1+r)^t/100
50(1+300)^2/100
800 - 6 years agoHelpfull: Yes(0) No(0)
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