Raj invested ₹ 10000 in a fund. At the end of first year, he incurred a loss but his balance was more than ₹ 5000. This balance, when invested for another year, grew and the percentage of growth in the second year was five times the percentage of loss in the first year. If the gain of Raj from the initial investment over the two year period is 35%, then the percentage of loss in the first year is
Started 3 weeks ago by Shashank in
Explanatory Answer
Initial investment = Rs 10,000
Final amount = Rs 10,000*1.35 = Rs 13500
We can take an options approach to this question
Let’s assume loss percentage as 10%
The profit percentage in @nd year will be 50%
10000*0.9 = Rs 9000
9000*1.5 = Rs 13500
à 10% is the correct answer
-
No one is replied to this question yet. Be first to reply!
