A) Rs. 53300
B) Rs. 53500
C) Rs. 54400
D) None of these
Correct Answer: C
Solution :
Initial investment = Rs. 500000 In 1st year, loss of 4%=\[{{R}_{1}}\] In Und year, profit of 5% =\[{{R}_{2}}\] In IIIrd year, profit of 10% =\[{{R}_{3}}\] \[\therefore \]Net amount obtained after 3 yr So, A \[=500000\left( 1-\frac{4}{100} \right)\left( 1+\frac{5}{100} \right)\left( 1+\frac{10}{100} \right)\] \[=500000\left( \frac{96}{100}\times \frac{105}{100}\times \frac{110}{100} \right)\]= Rs. 554400 \[\therefore \]Profit for entire period of 3 yr \[=A-P=554400-500000\]= Rs. 54400You need to login to perform this action.
You will be redirected in
3 sec