Question : An investor invested his savings in the stock market. The value of his investments increased by 12% and 9% in the first year and the second year, respectively. If the value of his investments after two years was Rs. 97,664, then how much had he invested (in Rs.)?
Option 1: 81,000
Option 2: 75,000
Option 3: 80,000
Option 4: 72,000
Latest: SSC CGL preparation tips to crack the exam
Don't Miss: SSC CGL complete guide
New: Unlock 10% OFF on PTE Academic. Use Code: 'C360SPL10'
Correct Answer: 80,000
Solution : Let the amount invested by the investor be Rs. $x$. Given: The value of his investments increased by 12% and 9% in the first year and the second year, respectively. P becomes P(1 + $\frac{R_1}{100}$)(1 + $\frac{R_2}{100}$) after 2 years where R 1 and R 2 are two successive percentage increase$⇒(1+\frac{9}{100})(1+\frac{12}{100})x = 97664$ $⇒1.2208x = 97664$ $⇒x = \frac{97664}{1.2208} = Rs.\; 80,000$ Hence, the correct answer is 80,000.
Candidates can download this ebook to know all about SSC CGL.
Admit Card | Eligibility | Application | Selection Process | Preparation Tips | Result | Answer Key
Question : A businessman's earnings increased by 25% in one year but decreased by 4% in the next. Going by this pattern, after 5 years, his total earnings would be Rs. 72,000. What is his present income?
Question : A and B have an annual average income of Rs. 80,000. B and C have an annual average income of Rs. 75,000. C and A have an annual average income of Rs. 78,000. The annual income of A is:
Question : Soham’s initial expenditure and savings were in the ratio of 5 : 3. His income increased by 25%. If his initial savings were Rs. 4,500, find his income (in Rs.) after the increment.
Question : Shiva’s monthly salary is Rs.75,000. He spends Rs.12,000 on household items, Rs.14,000 on LIC and mutual funds, Rs.15,000 on his children’s education, and keeps Rs.10,000 for miscellaneous expenses. His savings are Rs.21,000 per month and he donates the rest of the
Question : An article is sold for INR 54,120 after two successive discounts of 12 percent and 18 percent. What is the marked price of the article?
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile