Rajnish has Rs. 75, 000 with him. He purchases a Bike, a Mobile and a flat TV for Rs. 15, 000, Rs. 18, 000, and Rs. 22,

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Q 2234101052.     Rajnish has Rs. 75, 000 with him. He purchases a Bike, a Mobile and a flat TV for Rs. 15, 000, Rs. 18, 000, and Rs. 22, 000 respectively and puts the remaining money in his bank account which pays 5 per cent per annum Compound Interest. After 2 years he sells of the three items at 90% of their original price and also withdraws his entire money from the bank by closing the account. What is the total change in his asset?
IBPS-CLERK 2017 Mock Prelims
A

-4.5%

B

+3.5%

C

-4.32%

D

-4.6%

E

None of these

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Solution
(Provided By a Student and Checked/Corrected by EXXAMM.com Team)

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