Percentage Practice Test 5 with solutions

Question : 35 of 40

Marks: +1, -0

Exchange rate of dollar vs rupee increases at the rate of 5% per month. If the current rate is Rs. 40 per dollar, What will be the rate at the end of 2 months?

Rs. 44
Rs. 44.1
Rs. 45
Rs. 45.4

Validate

Solution:

Exchange rate of dollar after 2 months

=40(1+5/100)^2

=40×21/20×21/20=\Rs. 44.1

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