Question

    The price of a stock increased by 30% in the first year

    and decreased by 20% in the second year. If an investor bought 100 shares of the stock for ₹1,000, then what is the final value of the investment after 2 years?
    A ₹960 Correct Answer Incorrect Answer
    B ₹1,040 Correct Answer Incorrect Answer
    C ₹1,400 Correct Answer Incorrect Answer
    D ₹1,020 Correct Answer Incorrect Answer

    Solution

    The correct answer is B

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