A certain amount invested in a firm would become double at the end of one month, but it deducts an amount of ₹120 on every doubling. A person invests an amount of ₹105 and continues for 3 months without investing any additional amount. At the end of 3 months, his net income is [#1695] | SPPMMC

A certain amount invested in a firm would become double at the end of one month, but it deducts an amount of ₹120 on every doubling. A person invests an amount of ₹105 and continues for 3 months without investing any additional amount. At the end of 3 months, his net income is [#1695]

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Q1. A certain amount invested in a firm would become double at the end of one month, but it deducts an amount of ₹120 on every doubling. A person invests an amount of ₹105 and continues for 3 months without investing any additional amount. At the end of 3 months, his net income is
Q1. A certain amount invested in a firm would become double at the end of one month, but it deducts an amount of ₹120 on every doubling. A person invests an amount of ₹105 and continues for 3 months without investing any additional amount. At the end of 3 months, his net income is

(A) 55
(A) 55
(B) 0
(B) 0
(C) 270
(C) 270
(D) 45
(D) 45
Answer: (B) 0
Answer: (B) 0
1st Month -> (105 * 2) - 120 = 210 - 120 = 90 2nd Month -> (90 * 2) - 120 = 180 - 120 = 60 3rd Month -> (60 * 2) - 120 = 120 - 120 = 0
1st Month -> (105 * 2) - 120 = 210 - 120 = 90 2nd Month -> (90 * 2) - 120 = 180 - 120 = 60 3rd Month -> (60 * 2) - 120 = 120 - 120 = 0

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