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?

• 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.
• 11 years agoHelpfull: Yes(17) No(3)
• 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!!
• 11 years agoHelpfull: Yes(7) No(2)
• Last year the value of the fund was exactly half of the current value as it doubled every year.
• 11 years agoHelpfull: Yes(2) No(1)
• 1 year ago....
• 10 years agoHelpfull: Yes(0) No(0)