A HOUSE OWNER RAISED HOUSE RENT BY 10% AND A YEAR LATER, AGAIN RAISED THE HOUSE BY ANOTHER 10% .IF THE TOTAL INCRESE HAD BE MADE IN ONE GO, TO WHAT PERCENT WOULD IT HAVE EQUIVALENT.
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Let the initial price of the house be x
After 1 year, the price changes to 110% of x (x*11/10)
After 2 years, the price changes to 121% of x (x*11/10*11/10)
If the total increase had to be made in one go, the increase would have to be 21%
After 1 year, the price changes to 110% of x (x*11/10)
After 2 years, the price changes to 121% of x (x*11/10*11/10)
If the total increase had to be made in one go, the increase would have to be 21%
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