Question

Umesh set up a small factory by investing rupees 40000 during the first three successive years his profit we are 5% 10% and 15% respectively if each year the profit was on previous years capital calculate his total profit

Answer 1

The answer is given below :

Sum = Rs 40000

We know that,

Interest = (Sum × Time × Rate)/100

So, for the 1st year when profit is 5%,

Interest

= Rs (40000 × 1 × 5)100

= Rs 2000

So, according to the question,

Rs (40000 + 2000) = Rs 42000 be the Sum for the 2nd year.

So, for the 2nd year, when profit is 10%,

Interest

= Rs (42000 × 1 × 10)/100

= Rs 4200

Again, for the 3rd year, Sum

= Rs (42000 + 4200)

= Rs 46200

Thus, for the third year, when profit is 15%,

Interest

= Rs (46200 × 1 × 15)/100

= Rs 6930

So, now amount is total

= Rs (46200 + 6930)

= Rs 53130

Hence, total profit

= Rs (53130 - 40000)

= Rs 13130

Thank you for your question.

Answer 2

the answer is13130

1st year profit was 2000 2nd year profit was 4200 3rd year profit was 6930 by adding dissolve profits the answer welcome 13130 hope it may help you