Latest IBM Aptitude Question SOLUTION: 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

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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?

Asked In IBM srilatha (12 years ago)

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Balram sharma  (11 years ago)

If the paper rate increases at 1.5% more than the inflation rate which is 6.5%
This means paper rate increase is 1.5+6.5 = 8% per year
For the first year the increase is 8 % or (8/100)x25 = 2
So the new cost is 25+2 = 27
For the second year the increase is the same = (8/100)x27 = 2.16
So the cost = 27+2.16 = 29.16

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pratik kumar  (12 years ago)

Ans. 29.16

Total inflation = 6.5+1.5 for 1 year.

25 ( 1 + 8/100)^2 = 29.16

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Dr.Dipin Singh  (12 years ago)

paper rate increase per year = 7.5%

rate after 2 yrs = 25*(1+7.5/100)^2= 25* 1.075^2 = 28.90 Rs

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