please provide the solution : in the year 2013 inflation was 8.98 % and in the year 2014 inflation reduced to 4 %. A product in the year 2012 is priced at INR 100 what is the expected price in the year 2015. my solution in 2013 the price of the product is 108.98 now in 2014 inflation was 4 % = 113.33 regards Suresh sharma
The question is a bit unclear. Presumably we are meant to assume that "In year 2013 inflation was 8.98%" means that: Price in 2013 = 100 * 1.0898 = 108.98 and likewise: Price in 2014 = 108.98 * 1.04 = 113.34 So, we don't know what the price is in 2015 and so "none of the above" must be the solution. However, even if the wording in the question is interpreted differently, the only other possible answer must be that the price in 2015 is equal to: 100 * 1.0898 * 1.04 = 113.34 which again must mean that "none of the above" is the correct solution.
