A man buys shares worth Rs 20,000. If the price of his shares declines uniformly by 10% at the end
of every year, how much money will the man get by selling his shares after two years
Answers
Answered by
15
Step-by-step explanation:
Principal= rs.20000
Rate= 10%
Time= 2 years
Therefore,
we know that,
A= P (1+ r/100)^n
because of decline,
we use,
A= P (1- r/100)^n
A= 20000 (1-10/100)^2
A= 20000×9/10×9/10
A=1620000/100
A= rs 16200
Answered by
1
Step-by-step explanation:
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