Latest TCS Aptitude Question SOLUTION: A fund was invested 25 years ago. Its value is approximately $300,000 now. If the value of the fund doubled each year for the last 10 years, how long ago was the value of the fund

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A fund was invested 25 years ago. Its value is approximately $300,000 now. If the value of the fund doubled each year for the last 10 years, how long ago was the value of the fund exactly half of the current value?

Asked In TCS ATWAL (11 years ago)

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chaitanya  (11 years ago)

Since the value of the fund doubled each year for the last 10 years, its value would halve each year going back for the period.


so it should be one year ago.

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chandu161  (11 years ago)

the half of the 3,00,000 is 1,50,000

consider initial amount is 50,000

after 1 year = 1,00,000

after 2 year = 2,00,000 which is more than half(1,50,000)

consider initial money = 75,000

after 1 year = 1,50,000 equal to the given condition.

Note : no other initial value can satisfy the condition hence it is 1 year!!

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Jamil Ahmed  (11 years ago)

Last year the value of the fund was exactly half of the current value as it doubled every year.

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arunavabokaro@gmail.com  (10 years ago)

1 year ago....

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