For e.g.
At 12% annual inflation rate, an item costing Rs. 100 today, would cost Rs. _______ after one year.
2006-08-13 09:21:30 · 5 answers · asked by arp_pit_80 1 in Science & Mathematics ➔ Other - Science
( Percent Inflation x Price Now ) + Price Now
so...
( .12 x 100 ) + 100 = 112
Hope that helps!
2006-08-13 09:25:35 · answer #1 · answered by eagleboy225 3 · 0⤊ 0⤋
well, after the first year you're looking at Rs. 112...the next year would be the 12% more than that ..somthing like Rs.125...as to the formula..nope, no idea. Too hard to think on a day off.
2006-08-13 09:27:20 · answer #2 · answered by beinggood 2 · 0⤊ 0⤋
in 7 years things double
that is to say anything costing one pound today will cost two pounds in seven years
if you earn £10,000 a year today you will earn £20,000 in 7 years time
2006-08-13 09:37:44 · answer #3 · answered by Colin T 3 · 0⤊ 0⤋
That's right. It's easy, isn't it?
2006-08-13 09:28:35 · answer #4 · answered by Anonymous · 0⤊ 0⤋
What he said ...
2006-08-13 09:26:40 · answer #5 · answered by Brown Eyed Girl 3 · 0⤊ 0⤋