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Income of Shantanu was ? 4000 . In the f...

Income of Shantanu was ? 4000 . In the first 2 yr, his income decreased by 10% and 5% respectively but in the third year, the income increased by 15%. What was his income at the and of third year ?

A

? 3933

B

? 4000

C

X 3500

D

X3540

Text Solution

AI Generated Solution

The correct Answer is:
To find Shantanu's income at the end of the third year after experiencing decreases and an increase in his income over three years, we can follow these steps: ### Step-by-Step Solution 1. **Initial Income**: - Shantanu's initial income is Rs. 4000. 2. **First Year Decrease**: - In the first year, his income decreases by 10%. - Calculation: \[ \text{Income after 1st year} = 4000 \times \left(1 - \frac{10}{100}\right) = 4000 \times \frac{90}{100} = 4000 \times 0.9 = 3600 \] 3. **Second Year Decrease**: - In the second year, his income decreases by 5%. - Calculation: \[ \text{Income after 2nd year} = 3600 \times \left(1 - \frac{5}{100}\right) = 3600 \times \frac{95}{100} = 3600 \times 0.95 = 3420 \] 4. **Third Year Increase**: - In the third year, his income increases by 15%. - Calculation: \[ \text{Income after 3rd year} = 3420 \times \left(1 + \frac{15}{100}\right) = 3420 \times \frac{115}{100} = 3420 \times 1.15 = 3921 \] 5. **Final Income**: - Shantanu's income at the end of the third year is Rs. 3921. ### Final Answer: Shantanu's income at the end of the third year is **Rs. 3921**. ---
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  17. A sum invested for 3 yr compounded at 5% , 10% and 20% respectively. I...

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