An investment grows by 15% in the first month, 20% in the second month, and then decreases by 10% in the third month. If the initial investment was ₹5000, then the final amount (in ₹) is:
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 6,210.
Final amount = 5000 × (115/100) × (120/100) × (90/100)
⇒ 5 × 115 × 12 × 9/10 = 6210