Question
An investment grows by 8% in the first year, 12% in the
second year, and 10% in the third year. If the initial amount invested is $1,000, what is the final amount after 3 years and the overall percentage increase?Solution
Initial amount = $1,000. Amount after 8% increase = $1,000 × 1.08 = $1,080. Amount after 12% increase = $1,080 × 1.12 = $1,209.60. Amount after 10% increase = $1,209.60 × 1.10 = $1,330.56. Overall percentage increase = ((1,330.56 - 1,000) / 1,000) × 100 = 33.056%. The final amount is $1,330.56 , and the overall percentage increase is 33.056%.
Consider the following statements about The Censorship Act, 1799.
1. Magistrate to enter a bond with the printer of the newspapers.
2. The...
Consider the following statements regarding the viceroys of India.
1. It was under Lord Mayo that the first census was conducted in India.
Who was the founder of the 'Arya Samaj'?
To which race did Mahmud of Ghazni belong?
The Ghadar Party was founded in which year?
Who was the Viceroy of India when the Indian Factory Act of 1891 was passed?
Which player has made the record of most sixes in international cricket
Who commanded the Gurkha regiment to fire upon the crowd at Jallianwala Bagh in 1919?
The Rowlatt Act was passed in which year?
The First Anglo-Burmese War was concluded with which treaty?
Relevant for Exams:
