A person expects to receive ₹1,10,000 after one year. If the inflation rate is 10% per annum, the present purchasing power of this amount is:
CA Foundation · Quantitative Aptitude · MTP · September 2026
A person expects to receive ₹1,10,000 after one year. If the inflation rate is 10% per annum, the present purchasing power of this amount is:
Suggested Answer and Working Notes:
Correct Answer: Option (C)
C. ₹1,00,000
Topics: Part-A: Business Mathematics
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