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    Question

    The revenue of a company grows by 15% each year. If the

    current revenue is ₹2,00,000, what will be the revenue after 2 years?
    A ₹2,64,500 Correct Answer Incorrect Answer
    B ₹2,41,656 Correct Answer Incorrect Answer
    C ₹3,46,600 Correct Answer Incorrect Answer
    D ₹1,36,656 Correct Answer Incorrect Answer

    Solution

    ATQ,

    If there is successive increase of ‘a%’ and ‘b%’ on a certain quantity/value, then the net percentage increase = a% + b% + [(a × b)/100]%

    So, the net percentage increase = 15% + 15% + [(15 × 15)/100]%

    = 30% + (225/100)% = 30% + 2.25% = 32.25%

    So, the revenue after 2 years = 1.3225 × 200000 = ₹2,64,500

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