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SSC MTS 2021 · PYQ · Percentage · medium

The price of diesel increases by 5% every year. If the current price of diesel is ₹80 per litre, then what will be the price of diesel per litre after 2 years?

  1. A.₹90.5
  2. B.₹86.8
  3. C.₹88.2✓ Correct
  4. D.₹92.5

Explanation

After 2 years: 80 × (105/100)² = 80 × 1.05 × 1.05 = 80 × 1.1025 = ₹88.2.
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