Mr Mr. Qasim Baig got bonus in several years as under:
Years
Bon...
Mathematics, 09.04.2021 14:00 brizz1502
Mr Mr. Qasim Baig got bonus in several years as under:
Years
Bonus (Rs.)
2012
50,000/-
2013
80,000/-
2014
65,000/-
2015
Nil
2016
75,000/-
2017
Nil
2018
80,000/-
He had invested above bonuses in the same year at the rate of 10% per year compounded annually. He wishes to draw accumulated amount included profit in the year 2020.
Required:
i) What amount of total profit he will be received in the year 2020? When profit reinvest made every year. ii) How much total amount he invested during 2012 to 2020?
iii) What amount of total profit he will be earned till 2015? When he did not draw any profit till 2015? iv) How much total amount he will get in the year 2020 included profit?
Answers: 2
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