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If the price of an item is Rs. 250 and it increases by 10% each year, what will be its price after 2 years?
  1. Rs. 302.75
  2. Rs. 302.25
  3. Rs. 302.50
  4. None of these
Explanation

Year 1: 250 × 1.10 = Rs. 275  

Year 2: 275 × 1.10 = Rs. 302.50  

Or directly: 250 × (1.10)² = 250 × 1.21 = Rs. 302.50


Last verified on 05-09-2026

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