Question

If money is devalued by 4%, find the percentage increase in money that will have to be spent to buy a particular article.
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Answer 1

Answer:

4.167 % increase in  money spend

Step-by-step explanation:

Let say Money Required  =  M  

Money is Devalued by 4 %

so value of Mₙ is now = M - (4/100)M = 0.96M

0.96 M     =  M

1  = M/0.96M = 1/0.96

M  =   M/0.96

=> M  = 1.04167 M

increase = 1.04167M - M = .04167M

% increase = (.04167M/M) * 100 =  4.167

=> 4.167 % increase in  money spend

Answer 2

Answer:

Answer is 4 1/6 ..............