Question

1.Planning how to save and manage your money is an important life skill. When prices rise every year, it is called inflation. Because of inflation the price increase s time passes. At an Inflation rate of 10% per year, how much will a 4-year college degree cost 3 years later, if it costs Rs 1 lakh today? If you put Rs 1 lakh in a savings account at 5% simple interest today, will you have enough money to pay for your college fees after 3 years?

answer it!
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Answer 1

Answer:

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Answer 2

Answer:

1.Planning how to save and manage your money is an important life skill. When prices rise every year, it is called inflation. Because of inflation the price increase s time passes. At an Inflation rate of 10% per year, how much will a 4-year college degree cost 3 years later, if it costs Rs 1 lakh today? If you put Rs 1 lakh in a savings account at 5% simple interest today, will you have enough money to pay for your college fees after 3 years?

answer it!

Step-by-step explanation: