Question

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.​

Answer 1

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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hope it helps you ☺️❣

Answer 2

Answer:

the answer had given first that answer is correct