is the rate of inflation for the year 2018 if the CPIs for the years 2017 and 2018 are 300 and 305 respectively.

1.67

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1.58

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1.7

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1.77

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Solution

The correct option is A 1.67
Given, CPI in 2018 = 305
CPI in 2017 = 300
Rate of inflation (%) = $\frac{CPI in 2018 - CPI in 2017}{CPI in 2017}$ $\times$ 100 $\frac{305 - 300}{300} \times$ 100 = $\frac{5}{3}$ =1.67

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is the rate of inflation for the year 2018 if the CPIs for the years 2017 and 2018 are 300 and 305 respectively.

The correct option is A 1.67Given, CPI in 2018 = 305 CPI in 2017 = 300 Rate of inflation (%) = CPI in 2018 – CPI in 2017CPI in 2017×100305−300300×100 =53=1.67

The correct option is A 1.67
Given, CPI in 2018 = 305
CPI in 2017 = 300
Rate of inflation (%) = $\frac{CPI in 2018 - CPI in 2017}{CPI in 2017}$ $\times$ 100 $\frac{305 - 300}{300} \times$ 100 = $\frac{5}{3}$ =1.67