An investor invested a sum of Rs. 12 lakhs in Company P in 1998. The total amount
received after one year was re-invested in the same Company for one more year. The
total appreciation received by the investor on his investment was?
A.
Rs. 2,96,200
B.
Rs. 2,42,200
C.
Rs. 2.25,600
D.
Rs. 2,16,000
Answers
Answered by
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Step-by-step explanation:
rate is not mentioned so how can we tell you the answer :-|
Answered by
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Amount received from Company P
after one year (i.e., in 1999) on investing Rs. 12 lakhs in it
= Rs. [12 + (8% of 12)] lakhs
= Rs. 12.96 lakhs.
Appreciation received on
investment during the period of two years
= Rs. (14.256 – 12) lakhs
= Rs. 2.256 lakhs = Rs. 2, 25,600
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