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If the inflation rate is 5% and the current price of a commodity is $200, what will be the price after one year? (2023)

Practice Questions

1 question
Q1
If the inflation rate is 5% and the current price of a commodity is $200, what will be the price after one year? (2023)
  1. $210
  2. $205
  3. $215
  4. $220

Questions & Step-by-step Solutions

1 item
Q
Q: If the inflation rate is 5% and the current price of a commodity is $200, what will be the price after one year? (2023)
Solution: Price after one year = Current Price * (1 + Inflation Rate) = 200 * (1 + 0.05) = 200 * 1.05 = $210.
Steps: 0

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