Choose the correct option:
The rate of inflation was $1000$%. What will be the cost of an article, which costs $6$ units of currency now, two years from now?
Let x be initial cost .
1000 % increase => x + (1000/100)x = 11x.
here, x=6. At the end of first year, cost=6*11=66.
Now this becomes the starting price for the next year. Hence at the end of 2nd yr, 66*11=726.
Option D is the Correct Answer.