5. The price of a plot increases at constant rate of 20% every year. Find its expected price after 4 years if
the present price is 90,000.
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Answer:
if the present price is 90,000
therefore the rate will increase by 90,000×20/100
the rate will increase by 18,000 next year.
the rate will increase by 1,08,000×20/100
the rate will increase by 21600 in second year
the rate will increase by 1,29,600×20/100
the rate will increase by 25920 in third year
the rate will increase by 155520×20/100
the rate will increase by 31104 in fourth year
therefore the price of plot will be 186620 in fourth year
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