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. ) isA. 265000B. 25000C. 275000D. 27060

Kailash set up a factory by investing Rs. 1000000. During the first tw

1.	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. ) isA. 265000B. 25000C. 275000D. 27060
Answer» Correct Answer - 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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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. ) isA. 265000B. 25000C. 275000D. 27060

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