the  money  earned  in the respective years  in a car  showroom is given in the  second table ,also the  following rate changes are  given .Calculate  the approximate  earned money at the   current (end  of 2014) rates  for 2013   date rate change april 1, 2011 +12% september 1 , 2012 +6% july 1, 2013 +10% year 2012 2013 2014 money 4253 4700 5005

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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the  money  earned  in the respective years  in a car  showroom is given in the  second table ,also the  following rate changes are  given .Calculate  the approximate  earned money at the   current (end  of 2014) rates  for 2013

 

date rate change
april 1, 2011 +12%
september 1 , 2012
+6%
july 1, 2013 +10%
year 2012 2013 2014
money 4253 4700 5005
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