Tina puts Rs. 48000 in a bank account. She takes it out 6 years later, it is now worth Rs. 60000. The percent increase is:

Question

Question

This question was previously asked in

SSC GD Constable (2022) Official Paper (Held On : 31 Jan 2023 Shift 2)

Answer 1

Given:

Initial investment (P0) = Rs. 48000

Final value (Pf) = Rs. 60000

Formula:

Percent Increase = (Final Value - Initial Value)/Initial Value × 100%

Solution:

⇒ Percent Increase = (60000 - 48000)/48000 × 100%

⇒ Percent Increase = 12000/48000 × 100%

⇒ Percent Increase = 25%

Therefore, the percent increase is 25%.

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