Mathematics for IGCSE & O level - Percentages (Section 4 - No. 10)

Pulova has high inflation. In 2023, prices increased by 15% a month for the first six months and 12.5% for the next six months. If a car cost 78,000 dubs (their unit of currency) in January 2023, how much did it cost in January 2024?
118,000
118,358
118,587
120,000

Explanation

The calculation is 78000 * 1.15^6 * 1.125^6 = 118,587.

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