Aniruddh invested ₹15,000 in the shares of a company. The shares rose by 15% one day and fell by 10% on the other day. What is the current value (in ₹) of Aniruddh’s investment?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e 15525.
Initial investment = ₹15,000
Day 1: Increased by 15%
Day 2: Decreased by 10%
After 15% increase = 15000 × (1 + 15/100) = 15000 × 1.15 = ₹17,250
After 10% decrease = 17250 × (1 - 10/100) = 17250 × 0.90 = ₹15,525