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    Question

    The price of a commodity rises by 20% in the first year

    and an additional 15% in the second year. If the initial price was тВ╣2,000, what will be its price after two years?
    A 2480 Correct Answer Incorrect Answer
    B 2700 Correct Answer Incorrect Answer
    C 2760 Correct Answer Incorrect Answer
    D 2580 Correct Answer Incorrect Answer
    E 2640 Correct Answer Incorrect Answer

    Solution

    Price of commodity after 1 year = 120% of 2000 = 2400 Price of commodity after 2 years = 115% of 2400 = 2760

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