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? Select one: a.DeterminePriceIncrease      price = 14.99      for k = 2014 to 2020          display “Year: “, k, “ price: R”, price          price = 14.99 * 0.063      next k end   b.DeterminePriceIncrease      for k >= 2020          display “Year: “, k, “ price: R”, price          price = price * 1.063      next k end   c.DeterminePriceIncrease      for k = 2014 to 2020          display “Year: “, k, “ price: R”, price          price = 14.99 * 1.063      next k end   d.DeterminePriceIncrease      price = 14.99      for k = 2014 to 2020          display “Year: “, k, “ price: R”, price          price = 14.99 * 1.063      next k end

Database System Concepts
7th Edition
ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Chapter1: Introduction
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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?

Select one:
a.DeterminePriceIncrease

     price = 14.99

     for k = 2014 to 2020

         display “Year: “, k, “ price: R”, price

         price = 14.99 * 0.063

     next k

end

 
b.DeterminePriceIncrease

     for k >= 2020

         display “Year: “, k, “ price: R”, price

         price = price * 1.063

     next k

end

 
c.DeterminePriceIncrease

     for k = 2014 to 2020

         display “Year: “, k, “ price: R”, price

         price = 14.99 * 1.063

     next k

end

 
d.DeterminePriceIncrease

     price = 14.99

     for k = 2014 to 2020

         display “Year: “, k, “ price: R”, price

         price = 14.99 * 1.063

     next k

end

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