Shweta invested Rs. 10,000 in a scheme exactly three years ago. The value of the investment increased by 10% during the first year, increased by 20% during the second year, and decreased by 10% during the third year. What is the value of the investment today?
Explanation:
Value after 1 year = 10000 × 1.1 = Rs. 11000
Value after 2 years = 11000 × 1.2 = Rs. 13200
Value after 3 years = 13200 × 0.9 = Rs. 11880
Hence, option (b).
» Your doubt will be displayed only after approval.
Help us build a Free and Comprehensive Preparation portal for various competitive exams by providing us your valuable feedback about Apti4All and how it can be improved.