An article costs Rs 50 presently. The rate of inflation is 300%. What will be cost of this article after two years?
A. 200
B. 600
C. 800
D. 1000
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A= P(1+R/100)^n ........(compounded amount)
50(1+300/100)^2
50(1+3)^2
50×4×4 = 800
simple question of compound interest....
50*(100+300)(100+300)/100*100=800
Use formula :
P(1+r/100)^n
Where r is rate and n is time
50(1+300/100)^2
=800