Suppose someone is paid $20,000 in the year 2000 and each year afterwards is given a pay rise of 10% of the previous year's salary. In what year would they be paid $100,000
20000 × 1.1^x = 100000 x = 16.8863 So x = 17 is the closest approximation. And on the year 2000 + 17 = 2017 he will be getting $100000.
Suppose a stock decreases 10% in year one and increases by 10% in year two. The stock does not pay any dividends. Is the stock’s final value more than, equal to, or less than its initial value?
A student got 68% in board examination. What would be his percentage, if he got 10% (of the total marks of the subjects) more marks in Physics, chemistry and mathematics? Total marks are 500 and every paper is of 100 marks.
A man borrows Rs 6000 at 10% rate of interest compounded annually. He pays back Rs 2000 at the end of each year to clear his debt. The amount that he should pay to clear all his dues at the end of third year is
Someone borrows $100 from you and then steals $500 from you to pay the $100. You gave him $400 change. How much did you lose ?
