You ask our query, so that students who have worked on it or who knows the answer will be able to clarify your doubt.
please post your query kanika
It is solved as follows:
Year 1 6*1.4/1.1=7.6364
Year 2 7.6364*1.4/1.1=9.7190
Year 3 9.7190*1.4/1.1=12.3696
sheetal is right...kanika
hmmm
as per Inflation rate parity formula
Exchange rate * inflation rate of foreign country / inflation rate of domestic country becoz exchange rate is foreign currency per domestic currency
hmmm i have solved Practice manual of CA final but never found any question of this type.
this question is in nov'15 RTP Q.1
following is the link
https://resource.cdn.icai.org/38904bos28386cp2.pdf
CAclubindia
