Iift 2012 Question 23
This is a detailed step-by-step solution for Iift 2012 Question 23. Understand the concept, common mistakes, and expert tips to solve similar questions in IIFT exam.
IIFT 2012
Explanation:
Let 100 be the value in 2008.
In 2009 it will become 100*1.18
In 2010 it will become 100*1.18*1.18
In 2011 it will become 100*1.18*1.18*0.88
In 2012 it will become 100*1.18*1.18*0.88*1.18 145
thus, the effect = 45%
Hence, option C is the correct answer.