In 1995, the price of 1 litre of a certain kind of petrol was Rs 54.9. By 1996, the price of 1
litre of the same kind of petrol has risen to Rs 56.3. The percentage increase for each of the next
four years is expected to be the same as in between 1995 to 1996. What is the price of 1 hr of petrol
expected to be in the year 2000?
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Year: Price of 1 litre of petrol1995: Rs. 54.91996: Rs. 56.3Percentage increase = Increase in valueOld value×100=56.3−54.954.9×100=62.3 per litre
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