The price of 2 liters of milk was R14.99 in 2014.  Using a rate of inflation of 6.3% per year, calculate and print each year since 2014 to 2020 with the price of milk in that year, up to and including 2020.  Which of the following algorithms will solve this problem statement?a.DeterminePriceIncrease     price = 14.99     for k = 2014 to 2020         display “Year: “, k, “ price: R”, price         price = 14.99 * 0.063     next kendb.DeterminePriceIncrease     for k >= 2020         display “Year: “, k, “ price: R”, price         price = price * 1.063     next kendc.DeterminePriceIncrease     for k = 2014 to 2020         display “Year: “, k, “ price: R”, price         price = 14.99 * 1.063     next kendd.DeterminePriceIncrease     price = 14.99     for k = 2014 to 2020         display “Year: “, k, “ price: R”, price         price = 14.99 * 1.063     next kend

Problem StatementMaria loves shopping and is curious to know the total cost of her favorite items. She intends to purchase t items, each priced at p rupees, with a progressive increase of 5 rupees for every subsequent item.Write a program that takes the price of one item (p) and the number of items (t) as input, calculates the total cost using the formula (t/2) * (2p + (t-1) * 5), and displays the result.Input format :The first line of input consists of a float value p, representing the price of an item.The second line of input consists of an integer t, representing the number of items.Output format :The output displays "Rs. " followed by a float value, representing the total cost in rupees, rounded off to two decimal places.Refer to the sample output for formatting specifications.Code constraints :In this scenario, the test cases fall under the following constraints:10.0 ≤ p ≤ 1000.01 ≤ t ≤ 100Sample test cases :Input 1 :10.03Output 1 :Rs. 45.00Input 2 :720.056Output 2 :Rs. 48020.00

Suppose 2017 is the base year, the value of consumer price index (CPI) in 2022 was 140 meansThis is a multi answer question. You can select one or more options as the answer.A.The value of CPI in 2017 was $140.B.The price in 2022 was increased by 40% than 2017.C.The average price level in 2022 was increased by 40% than 2017.D.The inflation rate was 140% in 2022.

The cost of a consumer basket is $234 in 2012, $240 in 2013, and $245 in 2014.If the base year (=100) is 2013, what is the value of your CPI in 2012?

price index this year - price index last year) / price index last year x 100 is the formula for the ______.Multiple choice question.price rateGDP growthGDP deflatorinflation rate

The following data relates to the operation of a company over a period of two years; year 1: 12,000 units in output level, Ghc21,000 in cost with an inflation index of 1.05; year 2: 16,000 units in output level, Ghc26,7500 in cost with an inflation index of 1.03. The cost function at an inflation index of 1.08 will be A. C = 1.56x + Ghc2,300 B. C = 1.45x + Ghc2,320 C. C = 1.62x + Ghc2,160 D. C = 1.50x + Ghc2,125