I invested Rs.50000 in a business. In the first year I suffered a loss of 5%. In the second and the third years (assuming that profit was reinvested for the next year), I made profits of 10% and 15%. Instead had I invested the money at 10% p.a. compound interest for the three years, how much additional amount would I have earned?
- Option 1)
Rs.3842.50
- Option 2)
Rs.6460.50
- Option 3)
Rs.6462.50
- Option 4)
Rs 8842
- Option 5)
Rs.4242.50