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1. An investor invested a sum of Rs. 12 lakhs in Company P in 1998. The total amount received after one year was re-invested in the same Company for one more year. The total appreciation received by the investor on his investment was?





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  • By: guest on 01 Jun 2017 11.13 pm
    Amount received from Company P after one year (i.e., in 199) on investing Rs. 12 lakhs in it = Rs. [12 + (8% of 12)] lakhs = Rs. 12.96 lakhs. Amount received from Company P after one year on investing Rs. 12.96 lakhs in the year 1999 = Rs. [12.96 + (10% of 12.96)] lakhs = Rs. 14.256. Appreciation received on investment during the period of two years = Rs. (14.256 - 12) lakhs = Rs. 2.256 lakhs = Rs. 2,25,600.
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