The initial price of an item is rupees 625. Its price increases by the same percentage each month. If its price after 4 months is rupees 1296, find the percentage increase per month?
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Answer:
initial price of item= 625
after 4 months
price of item= 1296
increased price=1296-625
=671
increasing prcentage in 1 month= 671/4
=167.75%
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