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
He has invested=97664/(1.12×1.09) Rs.
=80000 Rs.
C is correct choice.
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