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A bag of groceries that cost Rs. 125 fifteen years ago now costs Rs. 225. If inflation is the only cause for increased prices, what is the approximate average annual rate of inflation?
80%
54%
00%
55.6%
00%
Practice and solve "A bag of groceries that cost Rs. 125 fifteen years ago now costs Rs. 225. If inflation is the only c..." for Electrical - Economics for Engineers. The correct answer is Option C: 00%. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
Option **(c) **