CAT 2017 Percentages Question (Medium)

Question

Mr. Murthy invested 25000 in a mutual fund three years ago. The value of the amount increased by 15 in the first year, it decreased by 15 in the second year and again increased by 10 during the third year. What is the value of the investment at the end of the three year period?

Optima Learn · Accepted Answer

Understanding Mr. Murthy invested 25000 in a mutual fund. Its value increased 15 in year 1, decreased 15 in year 2, and increased 10 in year 3. We need the final value after three years. Analyzing Applying each year s change successively 25000 x 1.15 28750 after year 1 . 28750 x 0.85 24437.5 after y

CAT 2017 Percentages — Previous Year Question

CAT 2017

Quantitative

Percentages

Medium

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