Question

13. The value of a flat constructed at a cost of Rs 100000 is increasing at the rate of 12% per annum. What will be its value 3 years after construction?​

Answer 1

Step-by-step explanation:

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Answer 2

Answer:

Rs 7290

Step-by-step explanation:

According to the question:

Principal (P) = Rs 100000

Rate (R) = 12%

Time = 3 years

So, After 3 years he will get:

$P (1- r/100) ^3\\=10,000 (1- 10/100) ^3\\= (10,000 * 90 * 90 * 90)/ (100 * 100 * 100)\\= Rs. 7290$