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Kailash set up a factory by investing Rs...

Kailash set up a factory by investing Rs. 1000000. During the first two years, his profits were 10% and 15% respectively. If he reinvested the profit of each year at the beginning of the next year, his total profit (in Rs. ) is

A

265000

B

25000

C

275000

D

27060

Text Solution

Verified by Experts

The correct Answer is:
A
(i) `A=P(1+(R_(1))/(100))(1+(R_(2))/(100))`
(ii) Find the amount at the end of a year.
(iii) The amount at the end of one year will be the principal for the second year.
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