A person invested ₹5,000 in each of the years 2005, 2010, 2015 and 2020. The investment of the person…
By 2025 the 2005 investment has doubled four times to \(5000\times16=80000\), the 2010 one three times to 40000, the 2015 one twice to 20000 and the 2020 one once to 10000.…
Choose your answer
A person invested ₹5,000 in each of the years 2005, 2010, 2015 and 2020. The investment of the person doubles every five years. What will be the total amount the person will receive in 2025?
Answer and explanation
Correct answer C
By 2025 the 2005 investment has doubled four times to , the 2010 one three times to 40000, the 2015 one twice to 20000 and the 2020 one once to 10000. Adding these gives . The total received is 1,50,000 rupees.
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