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

(a) Between Rs. 20 and Rs. 21                      (b) Between Rs. 21 and Rs. 22 

(c) Between Rs. 22 and Rs. 23                      (d) Between Rs. 23 and Rs. 24

Question ID - 57387 | SaraNextGen Top Answer

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

(a) Between Rs. 20 and Rs. 21                      (b) Between Rs. 21 and Rs. 22 

(c) Between Rs. 22 and Rs. 23                      (d) Between Rs. 23 and Rs. 24