Question 12
If the average annual healthcare inflation in India is 15%, a medical procedure that costs ₹1,00,000 today will cost approximately how much in 5 years? (Use compound interest logic).
₹1,75,000
₹2,01,135
₹1,50,000
₹2,15,450
If the average annual healthcare inflation in India is 15%, a medical procedure that costs ₹1,00,000 today will cost approximately how much in 5 years? (Use compound interest logic).
₹1,75,000
₹2,01,135
₹1,50,000
₹2,15,450
Correct answer
₹2,01,135
Question 12 of 22 in the IIT Madras BS Strategies for Professional Growth (SPG) Quiz 2 paper sat on 12 Apr 2026, in the January 2026 term (Strategies For Professional Indian Institute Of Technology, Madras - Bs In Data Science And Applications Growth 07 Apr 26). It carries 1 mark.