Problem: A company’s profits have doubled for each of the 4 years it has been in existence. If the total profits for those 4 years were TR. 30 lacs. What was the profit in the first year of operation?
View all: BANGLADESH SHILPA BANK | OFFICER | WRITTEN QUESTION(MATH) SOLVE | 1999
Correct Answer: 200000 TK
Explanation:
Let, the profit in the first year will be = Tk. x
The profit of 2nd year will be = X x 2 = 2x
The profit of 3rd year will be = 2X x 2 = 4x
The profit of 4th year will be = 4X x 2 = 8x
According to the question,
x + 2x + 4x + 8x = 30,00,000
x = 2,00,000