Question

3. Mr Gupta bought a house for 24,00,000 in 1998. In 2000, the price of houses in that area increased by 20%.
By 2005, the price had risen by 20% of the 2000 price, calculate the price of the house in 2005.​

Answer 1

Answer:

2937600/-

Step-by-step explanation:

Price of house in 1998 = 2400000/-

Price of house in 2000 = 20% of 2400000 + 2400000

                                       = 20/100 * 240000 + 2400000

                                       =48000+2400000

                                       = 2448000/-

Price of house in 2005 = 20% of 244800 + 2448000

                                        = 20/100 * 2448000+2448000

                                        =  489600+2448000

                                         = 29,37,600 /-

Therefore, Price of Mr.Gupta 's House in 2005 is 29,37,600 /-