Shrutika Narvekar posted an Question
January 30, 2021 • 04:01 am 30 points
  • IIT JAM
  • Mathematical Statistics (MS)

Q.4) the cumulative profits ofa company since its inception are shown in the diagram. if the net worth of the company at the end of 4" year is 99 crores, then w

Q.4) The cumulative profits ofa company since its inception are shown in the diagram. If the net worth of the company at the end of 4" year is 99 crores, then what was the principal it had started with? 2 3 4 Years since inception

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  • Anuj s. best-answer

    Profit At 1st year 5% 2nd year 7% 3rd year 10% 4th year 10% let principal=p p * (1 + 5/100) * (1 + 7/100) * (1 + 10/100) * (1 + 10/100) = 990000000 => p = 73 crores (app.)

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