Learn
Tea costs $1 per pack and coffee costs $5 per pack. If the price of tea rises at 20% a month, and the price of coffeeis unchanged, how many months will it take before a pack of tea costs more than a pack of coffee ?
10
8
9
5
4
10
8
9
5
4
Solution
The price of the Tea is $1 per pack and its price rises 20% a month, hence it is compounded monthly.
Let after ‘n’ months the price of the tea is greater than that of coffee that is $5 per pack.
(1 + 20/100)n > 5
(1.2)n > 5
And (1.2)9 = 5.6
Hence, after 9 years the cost of the tea will be greater than that of coffee.
Register & Unlock access to Prep for free
Solution
Keynote
In the following passage there are blanks, each of which has been numbered. For each number, five words are suggested one of which fits the blank appropriately. Find out the appropriate word in each case. As the country embarks on planning (1) the 12th plan (2012 – 2017) period, a key question mark (2) hangs over the process is on the energy requirements. Growth is energy hungry, and the aspirations of growing at 9 – 10% will (3) huge demands on the energy resources of the country. In this year jigsaw, renewable energy will (4) like never before in the 12th…
||||