The price of diesel increases by 5% every year. If the current price of diesel is ₹80 per litre, then what will be the price of diesel per litre after 2 years?

₹86.8 ₹92.5 ₹90.5 ₹88.2

₹88.2

Increase in price yearly = 5% Current price = 80 Price after two years = 80 × \(\frac{105}{100}\) × \(\frac{105}{100}\) = ₹88.2