Figure it out - Page 19, 20
Last updated at February 13, 2026 by Teachoo
Transcript
Question 8 The price of 1 kg of rice was βΉ38 in 2024. It is βΉ42 in 2025. What is the rate of inflation? (Inflation is the percentage increase in prices.)Here, Rate of inflation = Percentage increase in prices = πͺπππππ/(πΆπππππππ πππππ) Γ 100 Since price increased from βΉ 38 to βΉ 42, Original price = βΉ 38 Change in price = βΉ 42 β βΉ 38 = βΉ 4 So, Rate of inflation = πΆβππππ/(ππππππππ πππππ) Γ 100 = π/ππ Γ 100 = 2/19 Γ 100 = 200/19 = 10.526β¦% Thus, rate of inflation is approximately 10.53%