(C) Let the initial investment be $P$ ₹.After the first year,the value becomes $P \times (1 + 12/100) = P \times 1.12$.After the second year,the value

Name: Exam Paper Generator | JEE NEET Paper Generator | Vedclass
Brand: Vedclass
Rating: 5 (35 reviews)

(C) Let the initial investment be $P$ ₹.After the first year,the value becomes $P \times (1 + 12/100) = P \times 1.12$.After the second year,the value becomes $(P \times 1.12) \times (1 + 9/100) = P \times 1.12 \times 1.09$.Given that the final value is ₹ $97,664$,we have the equation: $P \times 1.12 \times 1.09 = 97664$.$P \times 1.2208 = 97664$.$P = 97664 / 1.2208$.$P = 80000$.Therefore,the initial investment was ₹ $80,000$.

Competitive Quantitative Aptitude Interest Simple Interest

Medium

An investor invested his savings in the stock market. The value of his investments increased by $12 \%$ and $9 \%$ in the first year and the second year respectively. If the value of his investments after two years became ₹ $97,664$,then how much had he invested (in ₹)?

A
$81000$
B
$75000$
C
$80000$
D
$72000$

Explore More

Browse All

Question Bank

All Subjects

Competitive Questions

Competitive

Quantitative Aptitude Questions

Chapter

Interest

Subtopic

Simple Interest

$A$ certain sum doubles in $7$ years at simple interest. The same sum under the same interest rate will become $4$ times in how many years?

Easy

View Solution

What annual payment (in $Rs.$) will discharge a debt of $Rs. 1092$ due in $2 \,yr$ at $12 \%$ simple interest?

Easy

View Solution

$A$ money lender lends ₹ $400$ for $3$ $years$ to a person and ₹ $500$ for $4$ $years$ to another person at the same rate of simple interest. If altogether he receives ₹ $160$ as interest,what is the rate of interest per annum (in $\%$)?

Easy

View Solution

The rate of interest for the first $2$ years is $3 \%$ per annum,for the next $3$ years is $8 \%$ per annum,and for the period beyond $5$ years is $10 \%$ per annum. If a man gets $Rs. 1520$ as simple interest for $6$ years,how much money (in $Rs.$) did he deposit?

Medium

View Solution

At what rate per cent per annum will a sum of money double in $16$ years (in $.25$)?

Medium

View Solution

Vedclass Products

For Students

Vedclass Test Series

Mock tests in real JEE/NEET style with performance analysis. 5-day free trial.

Start Free Trial

For Teachers

Exam Paper Generator

Generate Set A/B/C/D exam papers from 7.5L+ questions in 2 minutes. 3 chapters free.

Try Free

For Institutes

Online Exam Module

Live online exams with unlimited students, 360° analytics & white-label branding.

See Demo

An investor invested his savings in the stock market. The value of his investments increased by $12 \%$ and $9 \%$ in the first year and the second year respectively. If the value of his investments after two years became ₹ $97,664$,then how much had he invested (in ₹)?

Similar Questions

$A$ certain sum doubles in $7$ years at simple interest. The same sum under the same interest rate will become $4$ times in how many years?

What annual payment (in $Rs.$) will discharge a debt of $Rs. 1092$ due in $2 \,yr$ at $12 \%$ simple interest?

$A$ money lender lends ₹ $400$ for $3$ $years$ to a person and ₹ $500$ for $4$ $years$ to another person at the same rate of simple interest. If altogether he receives ₹ $160$ as interest,what is the rate of interest per annum (in $\%$)?

The rate of interest for the first $2$ years is $3 \%$ per annum,for the next $3$ years is $8 \%$ per annum,and for the period beyond $5$ years is $10 \%$ per annum. If a man gets $Rs. 1520$ as simple interest for $6$ years,how much money (in $Rs.$) did he deposit?

At what rate per cent per annum will a sum of money double in $16$ years (in $.25$)?

Vedclass Test Series

Exam Paper Generator

Online Exam Module