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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
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Answer Posted / niladri sankar mondal
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.
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