Question 99

An investor invested his saving in the stock market. The value of his investments increased by 12% and 9% in the first year and the second year respectively. If the value of his investments after two years became Rs 97,664 then how much had he invested (in Rs)?

Solution

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He has invested=97664/(1.12×1.09) Rs.

=80000 Rs.

C is correct choice.

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