Futures First Interview Question

Number + 10% + 10% -5%

Interview Answer

Anonymous

Aug 20, 2024

Add 10%: If the original number is ๐‘‹ X, then after adding 10%, it becomes: ๐‘‹ + 0.10 ๐‘‹ = 1.1 ๐‘‹ X+0.10X=1.1X Add another 10%: After adding another 10% to 1.1 ๐‘‹ 1.1X, it becomes: 1.1 ๐‘‹ + 0.10 ร— 1.1 ๐‘‹ = 1.1 ๐‘‹ ร— 1.1 = 1.21 ๐‘‹ 1.1X+0.10ร—1.1X=1.1Xร—1.1=1.21X Subtract 5%: Finally, subtract 5% from 1.21 ๐‘‹ 1.21X, which becomes: 1.21 ๐‘‹ โˆ’ 0.05 ร— 1.21 ๐‘‹ = 1.21 ๐‘‹ ร— 0.95 = 1.1495 ๐‘‹ 1.21Xโˆ’0.05ร—1.21X=1.21Xร—0.95=1.1495X So, the result is approximately 1.1495 times the original number.