Advertisements
Advertisements
Question
Jitendra set up a factory by investing Rs 2500000. During the first two successive years his profits were 5% and 10% respectively. If each year the profit was on previous year's capital, compute his total profit.
Advertisements
Solution
Profit at the end of the first year = P \[\left( 1 + \frac{R}{100} \right)\]
\[ = 2, 500, 000\left( 1 + \frac{5}{100} \right)\]
\[ = 2, 500, 000\left( 1 . 05 \right)\]
\[ = 2, 625, 000\]
Profit at the end of the second year = P \[\left( 1 + \frac{R}{100} \right)\]
\[ = 2, 625, 000\left( 1 + \frac{10}{100} \right)\]
\[ = 2, 625, 000\left( 1 . 10 \right)\]
\[ = 2, 887, 500\]
Total profit = Rs 2, 887, 500 - Rs 2, 500, 000
= Rs 387, 500
RELATED QUESTIONS
The population of a place increased to 54000 in 2003 at a rate of 5% per annum Find the population in 2001.
Compute the amount and the compound interest in the following by using the formulae when:
Principal = Rs 2000, Rate = 4 paise per rupee per annum, Time = 3 years
Compute the amount and the compound interest in the following by using the formulae when:
Principal = Rs 12800, Rate = \[7\frac{1}{2} %\], Time = 3 years
The difference between the compound interest and simple interest on a certain sum at 15% per annum for 3 years is Rs 283.50. Find the sum.
In a factory the production of scooters rose to 46305 from 40000 in 3 years. Find the annual rate of growth of the production of scooters.
The population of a town increases at the rate of 50 per thousand. Its population after 2 years will be 22050. Find its present population.
The value of a machine depreciates at the rate of 10% per annum. What will be its value 2 years hence, if the present value is Rs 100000? Also, find the total depreciation during this period.
The cost price of a machine is 2,50,000. If the rate of depreciation is 10% per year, find the depreciation in price of the machine after two years.
A loan of ₹ 15000 was taken on compound interest. If the rate of compound interest is 12 p.c.p.a. find the amount to settle the loan after 3 years.
Gautam takes a loan of ₹ 16,000 for 2 years at 15% p.a. compound interest. He repays ₹ 9,000 at the end of the first year. How much must he pay at the end of the second year to clear the debt?
