Question

Ankit started a business by investing Rs. 2,50,000. During the first three successive years, he earned a profit
of 5%, 10% and 12% per annum respectively. If in each year the profit was added on the capital at the end of
the previous year, calculate his total profit after 3 years.
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Answer 1

Answer:

87,500

Step-by-step explanation:

In the first year he computed the profit of 5% so we will do 105/100*250000 = 262500 Profit would be 262500-250000=12500

IN the second year he computed the profit of 10% so we will do the same process as we did at first year so our profit would be 25000

IN the third year we will do the same process so our profit will be 50000

For the total profit we will add our 3 years profit :-
12500+25000+50000 = 87500

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Answer 2

Answer:

87,500

Step-by-step explanation:

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