the rate of increase of the price of sugar is observed to be 3 percent more than the inflation rate expressed in percentage . the price of sugar , on january 1 , 1994 , is rs . 25 per kg . the inflation rate for the years 1994 and 1995 are expected to be 12 % each . the expected price of sugar on january 1 , 1996 would be
Select the correct option.
A) 33.06
B) 34.1
C) 34.2
D) 24.6
E) none of these

Rationale: explanation : increase in the price of sugar = ( 12 + 3 ) = 15 % hence , price of the sugar on jan 1 , 1996 = > ( 25 * 115 * 115 ) / ( 100 * 100 ) = rs 33.06 . answer : a
Answer: A