In: Finance
. When PML-N government took over in 2013, CPI (consumer price index) was 569. When it left in 2018, CPI was 722. What was the annual inflation rate during 5 year of PML-N government? II. (a). You have 10,000 in bank, you want to save 500/yr , bank pays 20% / yr interest. In how many years your bank balance would double. (b). If you want your 10,000 to become 50,000 instead of doubling, and you want to save 500 per year as before, and bank pays 20% interest as before then it would happen in how many years. (c). Analyze and interpret the findings above.