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Home Aptitude Compound Interest See What Others Are Saying!
  • Question
  • If the rate of inflation for the next 20 years is 2.5% per year, what annual income will be needed 20 years from now to have the same purchasing power as a $30,000 annual income today?


  • Options
  • A. 39158
  • B. 49158
  • C. 59158
  • D. 69158

  • Correct Answer
  • 49158 

    Explanation

    i=j/m

    FV = PV(1+  i)^n


  • More questions

    • 1. 
      if ax = b, by= c and xyz = 1, then what is the value of cz?

    • Options
    • A. a
    • B. b
    • C. ab
    • D. a / b
    • Discuss
    • 2. 
      ?56 + ?56 + ?56 + .... ) ÷ 22 =?

    • Options
    • A. 0
    • B. 1
    • C. 2
    • D. 8
    • Discuss
    • 3. 
      Find the value of m - n, if ( 9n x 32 x (3-n/2)-2 - (27)n ) / ( 33m x 23 ) = 1/27?

    • Options
    • A. 1
    • B. -2
    • C. -1
    • D. 2
    • Discuss
    • 4. 
      If 289 = 17x/5 , then x =?

    • Options
    • A. 16
    • B. 8
    • C. 10
    • D. 2/5
    • Discuss
    • 5. 
      If 2p + 3q = 17 and 2p + 2 - 3q + 1 = 5, then, find the value of p and q?

    • Options
    • A. -2 , 3
    • B. 2, -3
    • C. 3, 2
    • D. 2, 3
    • Discuss
    • 6. 
      ( 42 x 229 ) ÷ ( 9261)1/3 =?

    • Options
    • A. 448
    • B. 452
    • C. 456
    • D. 458
    • Discuss
    • 7. 
      ?5 + ?x = 3, then the value of x is?

    • Options
    • A. 64
    • B. 125
    • C. 9
    • D. 27
    • Discuss
    • 8. 
      If ( 5 + 2?3 ) / ( 7 + 4?3 ) = a + b?3, then the value of a and b is?

    • Options
    • A. a = 11, b = -6
    • B. a = 6, b = 11
    • C. a = -11, b = 6
    • D. a = -11, b = -6
    • Discuss
    • 9. 
      If 16% of 40% of a number is 8, the number is?

    • Options
    • A. 200
    • B. 225
    • C. 125
    • D. 320
    • Discuss
    • 10. 
      The fraction equivalent to 2/5% is?

    • Options
    • A. 1/40
    • B. 1/125
    • C. 1/250
    • D. 1/500
    • Discuss


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