a land cost rupees 2,00,000.if the price increases by 20percent per year.find the price of the land after a year
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Value of plot (P) = Rs 45,00,000
r = 3 % p.a
t = 2 years
S.I=
100
p×r×t
=
100
45,00,000×3×2
=2,70,000
∴ Amount speed on accessories = Rs 2,70,000
and price after 2 years =
Rs 45,00,000
+270, 000
___________
Rs 47,70,000
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