TCS
Company
Two unemployed young men decided to start a business together. They pooled in their savings, which came to Rs. 2,000. They were both lucky, their business prospered and they were able to increase their capital by 50 per cent every three years. How much did they have in all at the end of eighteen years?
(a) Rs. 22,781.25 (b) Rs. 24,150.25 (c) Rs. 28,140.50 (d) Rs. 18,000
Read Solution (Total 1)
-
- After 3 yrs
2000 + 2000/2 = 3000
After 6 yrs
3000 + 3000/2 = 4500
After 9 yrs
4500 + 4500/2 = 6750
After 12 yrs
6750 + 6750/2 = 10125
After 15 yrs
10125 + 10125/2 = 15187.5
After 18 yrs
15187.5 + 15187.5/2 = 22780.75 - 13 years agoHelpfull: Yes(3) No(0)
TCS Other Question