At present, the value of an apartment is Rs. 26,35,000. The value has appreciated 55%
in 10 years. What was its value 10 years ago?*
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Answer:
Rs. 585,555.556
Step-by-step explanation:
A= P(1+R/100)
A= 2635000(1+55/100)¹⁰
A= 2635000× 100× 10/45×10
A= 585,555.556
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