If a 5-year construction project is structured to double the investment every succeeding year, what percentage of the total cost was invested in the first year?
(A) 12.5% (B) 10% (C) 8.25% (D) 5% (E) 3%
Answer is E why it isnt 6% becoz we divide 1 by 16 - 16 being investment in 5th year
(A) 12.5% (B) 10% (C) 8.25% (D) 5% (E) 3%
Answer is E why it isnt 6% becoz we divide 1 by 16 - 16 being investment in 5th year
Last edited by sukh on Tue Oct 25, 2011 6:18 am, edited 1 time in total.
