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Mathematics for IGCSE & O level - Percentages (Section 4 - No. 47)

If an item costs $12 now and the price increases by 5% annually, what will be the price after 1 year?
$12.05
$12.60
$12.50
$13.20

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Price after 1 year = $12 * 1.05 = $12.60.

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