Multiple choice general knowledge math & puzzles

In 1978, a kg of paper was sold at Rs25/-.If the paper rate increases at 1.5% more than the inflation rate which is 6.5% a year, then what wil be the cost of a kg of paper after 2 years?

  1. 29.12

  2. 29.72

  3. 30.12

  4. 31.12

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A Correct answer
Explanation

This is a duplicate of question 17481. The annual increase is 8% (6.5% inflation + 1.5%). Calculation: 25 * (1.08)^2 = 29.16. Option 29.12 is the closest match provided in the list.