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 will be the cost of a kg of paper after 2 years?
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Answer / Rajbabbar Rai
The cost of a kg of paper after 2 years will be Rs. 43.07 (assuming inflation is compounded annually).
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