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Hello Sir,
In the calculation i take (0.45/0.37) root of 0.25 -1…
the answer i get in my calculator is 5.015% and in the exam answer they take it as 5%…. due to this small difference my answer gets completely changed to 9.90$ instead of 9.45$…will this be considered as wrong answer? how do we avoid such situations in the exam?
Thank you
Manan.
Check your arithmetic again 🙂
The growth rate is indeed 5.015%, but if you use this in the formula you get a market value of 9.49 (not 9.90) and of the choices available the nearest is 9.45.
Ah!.. sorry my calculation was wrong.. yes it is 9.49…
thank you for your reply.
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