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Unit price of an item is Rs. 5 today. If Rs. 1000 is deposited in bank for one year at annual interest rate of 5.5%, approximately how many more items can be purchased after one year assuming inflation rate of 2% ?
11
9
7
5
7
Practice and solve "Unit price of an item is Rs. 5 today. If Rs. 1000 is deposited in bank for one year at annual intere..." for Electrical - Economics for Engineers. The correct answer is Option C: 7. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
Option **(c) **