A man’s investment doubles in every 5 years . If he invested Rs. 5000 in each of the years 1990 , 1995 ,2000 and 2005 , then what was the total amount recieved by him in 2010?
Explanation
Given,
Investment doubles every 5 years.
He invested Rs. 5000 in each of the years 1990, 1995, 2000 and 2005.
Now, he invested 5000 in 1990 so the amount for 1990 is 5000
In 1995 the amount gets double the amount become 10000 and then he again invest 5000 so the total amount ofthe year 1995 is 15000.
In 2000 the amount gets double the amount become 30000 and then he again invest 5000 so the total amount ofthe year 2000 is 35000.
In the year 2005 the amount gets double the amount become 10000 and then he again invest 5000 so the totalamount of the year 1995 is 75000.
So, finally, the amount in the year 2010 is 1,50000.
Hence, '150000' is the correct answer.
Explanation
Given,
Investment doubles every 5 years.
He invested Rs. 5000 in each of the years 1990, 1995, 2000 and 2005.
Now, he invested 5000 in 1990 so the amount for 1990 is 5000
In 1995 the amount gets double the amount become 10000 and then he again invest 5000 so the total amount ofthe year 1995 is 15000.
In 2000 the amount gets double the amount become 30000 and then he again invest 5000 so the total amount ofthe year 2000 is 35000.
In the year 2005 the amount gets double the amount become 10000 and then he again invest 5000 so the totalamount of the year 1995 is 75000.
So, finally, the amount in the year 2010 is 1,50000.
Hence, '150000' is the correct answer.
