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niladri

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Question { IBM, 26672 }

In 1978, a kg of paper was sold at Rs25/-. I f the paper
rate increases at 1.5% more than inflation rate which is of
6.5% a year , then what wil be the cost of a kg of paper
after 2 years?
a)29.12 (b) 29.72 (c) 30.12 (d) 32.65 (e) none of these

Answer

paper cost increase rate in per year =6.5%+1.5%=8%

after one year cost will be 25 + 25*(8/100)=25+2=27 Rs

after second year cost will be 27 + 27*(8/100)=27+2.16=29.16 Rs.

answer is 29.16 Rs.

Is This Answer Correct ?

25 Yes

1 No