A man’s investment doubles in every 5 years . If he invested Rs. 5000 in each of the years 1990 , 1995 , 2000 and 2005 , then what was the total amount recieved by him in 2010?
Step-by-step Solution:
The problem requires us to calculate the total value of four separate investments in the year 2010. The rule is that each investment doubles in value every 5 years. We need to find the final value of each investment and then sum them up.
To find the total amount received, we sum the final values of all four investments:
Total Amount = 80,000 + 40,000 + 20,000 + 10,000
Total Amount = Rs. 1,50,000