ABC26GN2421 · Percentage

Subject: General Aptitude · Chapter: Percentage · Exam: · Marks: · Difficulty:

If inflation increases at a rate of 8% p.a., what will a ` 20 article cost at the end of two years?

(a)Between ` 20 and ` 21

(b)Between ` 21 and ` 22

(c)Between ` 22 and ` 23

(d)Between ` 23 and ` 24

Answer

Answer (as printed): D

Explanation

Cost after 2 years = $20 \times \frac{27}{25} \times \frac{27}{25} = ₹23.33$.

Explanation as extracted from the printed page; notation may be imperfect.