A plot of land is worth 65,000 in the year 2010. The value of land increases by 10% in 2011, decreases by 8% in 2012, but increases by 12% again in 2013. What is the value of the plot at the beginning of the year 2014?
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Answer:
73673.6
Step-by-step explanation:
Value of plot in 2011 =65000+10% of 65000
=71500
Value of plot in 2012 = 71500- 8% of 71500
=65780
Value of plot in 2013=65780+12% of 65780
= 73673.6
Therefore, the value of the plot at the beginning of 2014 is 73,673.6
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