arrow
arrow
arrow
A certain amount invested in a firm would become double at the end of one month,but it deducts an amount of Rs120 on every doubling. A person invests
Question

A certain amount invested in a firm would become double at the end of one month,but it deducts an amount of Rs120 on every doubling. A person invests an amountof Rs105 and continues for 3 months without investing any additional amount.At the end of 3 months, his net income is :

A.

Rs55 

B.

Rs0

C.

Rs270

D.

Rs45

Correct option is B

Let's analyze this step by step.

Given,

  • An investment doubles at the end of each month.
  • Rs120 is deducted on every doubling.
  • Initial investment = Rs105.
  • The investment continues for 3 months.

Month-by-month growth:

Month 1:

  • Rs105 doubles → Rs210.
  • Rs120 is deducted → Rs90 remains.

Month 2:

  • Rs90 doubles → Rs180.
  • Rs120 is deducted → Rs60 remains.

Month 3:

  • Rs60 doubles → Rs120.
  • Rs120 is deducted → Rs0 remains.

Thus, the person is left with Rs0 at the end of 3 months.

Correct answer: (B) Rs0.

test-prime-package

Access ‘ASSAM Grade III and Grade IV’ Mock Tests with

  • 60000+ Mocks and Previous Year Papers
  • Unlimited Re-Attempts
  • Personalised Report Card
  • 500% Refund on Final Selection
  • Largest Community
students-icon
354k+ students have already unlocked exclusive benefits with Test Prime!
test-prime-package

Access ‘ASSAM Grade III and Grade IV’ Mock Tests with

  • 60000+ Mocks and Previous Year Papers
  • Unlimited Re-Attempts
  • Personalised Report Card
  • 500% Refund on Final Selection
  • Largest Community
students-icon
354k+ students have already unlocked exclusive benefits with Test Prime!
Our Plans
Monthsup-arrow