Total Answers and Comments: Last Update: November 04, 2006
Submitted by : Moulana ShareefThe net increase in the is 8%.
so,after 1 year=25+25*8%=27
after 2 years=27+27*8%=29.16
Above answer was rated as good by the following members: jasu85
December 23, 2005 03:58:39 #5
Moulana Shareef
RE: In 1978, a kg of paper was sold at Rs25/-. I f ... The net increase in the is 8 .
so after 1 year 25+25*8 27
after 2 years 27+27*8 29.16
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June 15, 2006 05:29:19 #7
Vikramjit R.Rai
RE: In 1978, a kg of paper was sold at Rs25/-. I f ... The rate increases by 6.5 every year. Than on this increased rate we further increase it by 1.5 .
So after 1 year we will have a rate of Rs. 27.02
Now further apply rate of 6.5 and then 1.5 on this increased rate for second year.
You get the answer as Rs. 29.12
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November 04, 2006 10:48:22 #9
itnovice
RE: In 1978, a kg of paper was sold at Rs25/-. I f ... The answer is like this:
25*(1.065*1.08)^2 $33.07
because the price increment is on top of inflation
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