The price of a commodity which was Rs. 250 three years ago is Rs. 2000 now. The

Question

The price of a commodity which was Rs. 250 three years ago is Rs. 2000 now. The annual rate of increase in the price is ?

Options:

A . $$100\%$$

B . $$200\%$$

C . $$266\frac{2}{3}\%$$

D . None of these

Answer: Option A

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