A plot of land costs rs.1,00,000.the land value appreciates by 5
Answers
Answer:
hello buddy, it is an incomplete question, the correct question is:
a plot of land costs Rs.1,00,000. the land value appreciates by 5%the first year and the value further appreciates by 8% the next year. what is the cost of land after two years ?
Step-by-step explanation:
Given : A plot of land costs Rs.1,00,000. the land value appreciates by 5% the first year , So
Cost of land after one year = 100000 + 5 % of 100000 = 100000 + 5 × 100000 100 = 100000 + 5000 = Rs . 105000
And the value further appreciates by 8 % the next year. So
Cost of land after two year = 105000 + 8 % of 105000 = 105000 + 8 × 105000100 = 105000 + 8400 = Rs. 113400 ( Ans )
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Answer:
therefore the answer is 113400
Step-by-step explanation:
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