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ElectricalEconomics for Engineers

If the cost index of a particular service 10 years before was 550 and currently it is 700, what will be the approximate average rate of increase in service rates?

44%

74%

24.7%

27.4%

Correct Answer

⚙️ TE • Technical Verified SolutionElectricalEconomics for Engineers

Option A

44%

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Practice and solve "If the cost index of a particular service 10 years before was 550 and currently it is 700, what will..." for Electrical - Economics for Engineers. The correct answer is Option A: 44%. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.

Option **(a) **

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