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Two unemployed young men decided to start a business together. They pooled in their savings,which....

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Two unemployed young men decided to start a business together. They pooled in their savings,which came to Rs. 2000. They were both lucky,their business prospered and they were able to increase their capital by 50% every three years. How much did they have in all the end of eighteen years?

posted Apr 2, 2016 by John Smith

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Ans:Rs 22781.25
18/3 yrs=6 times
1) 2000*1.5=3000
2) 3000*1.5=4500
3) 4500*1.5=6750
4) 6750*1.5=10125
5) 10125*1.5=15187.5
6)15187.5*1.5=22781.25

answer Apr 4, 2016 by Jaikumar Bhatia



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