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What is the overall percentage change in the value of the stocks?1). 1%2). 2%3). 4%4). 5% |
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Answer» MONEY invested in stocks = 3.75 lakhs Money after 1 YEAR = 3.75 × (110/100) = 4.125 lakhs Money after 2 years = 4.125 × (105/100) = 4.33125 lakhs Money after 3 years = 4.33125× (90/100) = 3.898 lakhs Percentage INCREASE in price of stocks = (3.898 - 3.75 )/3.75 × 100 = 3.95 = 4% |
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