Neha started a business with an initial investment of 5,00,000. In the first year, she incurred a loss of 4%. However, during the second year, she earned a profit of 5% which in the third year rose to 10% Calculate the net profit for the entire period of three years.
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Answered by
27
Answer:
Initial investment by Neha is =Rs. 500000
Incurred loss in the first year is =4%
Profit in 2nd year is =5%
Profit in 3rd year is =10%
Profit for three years=P(1−100R1)(1+100R2)(1+100R3)
=500,000(1−1004)(1+1005)(1+10010)
=500,000(0.96)(1.05)(1.10)
=554,400
Thus, the net profit is Rs. 554,400
Thus, the profit = 554,400−500,000=Rs. 54,400
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Answered by
0
Answer:
the answer had given first that answer is correct
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