Question: If initial rate level index was zero, rate level index for 2019 was 5%, rate level index for 2020 was 10%, Cumulative rate level index

If initial rate level index was zero, rate level index for 2019 was 5%, rate level index for 2020 was 10%, Cumulative rate level index for 2020 is
a.
0.005
b.
1.005
c.
0.155
d.
1.1550

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