Subject

    Bank Exam

    Topic

    Bangladesh Bank AD 2013

    A company’s profit have doubled for each of the last 5 years. If the total profits for the last 5 years were tk 62 million, what were the profit in the first year?

    ক)
    1
    খ)
    2
    গ)
    3
    ঘ)
    4

    Explanation

    Let, first year profit=x As profit have doubled for each year, so 2nd year profit=2x 3rd year profit=4x 4th year profit=8x 5th year profit=16x total profit=31x According to ques, 31x=62 x=2

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