Question

Exerc
The cost of an antique se increases
by 6% every year. If its current price is
72500, what will be its price after 3 years​

Answer 1

Correct Question: The cost of an antique increase by 6% every year. If its current price is 72500, what will be its price after 3 years?

Answer:

Rs 86348.66

Step-by-step explanation:

Given: Current Price = Rs. 72500, Increase rate per year = 6%

To Find Price after 3 years.

Solution:

We know the current price and increase percentage. So, the first thing we will do is to find an increase in the amount in the first year.

so, the increase in the first year would be 6% of Rs. 72500.

$\implies \sf \dfrac{6}{100} \times 72500$

$\implies \sf Rs 4350$

So, the value for the first year would be Rs. 72500 + 4350, which amounts to Rs. 76850.

Now, let's find an increase in the second year.

$\implies \sf \dfrac{6}{100} \times 76850$

$\implies \sf Rs 4611$

So, the value for the second year would be Rs. 76850 + 4611, which amounts to Rs. 81461.

Finding for the third year:

$\implies \sf \dfrac{6}{100} \times 81461$

=> Amount increased = Rs 4887.66

=> Final Amount = Rs 86348.66

Answer 2

Answer:

Appropriate Question :-

The cost of an antique increase by 6% every year. If its current price is 72500, what will be its price after 3 years?

Given :-

• Time = 3 years
• Current Price = 72500
• Increase by 6% every year

To Find :-

Price after 3 years

Solution :-

At first

6% of 72500

6/100 × 72500

6/1 × 725

6 × 725

₹4350

Price of first year = 72500 + 4350 = 76850.

Now,

For second year

6% of 76850

6/100 × 76850

6/10 × 7685

= ₹4611

Second year = 76850 + 4611 = 81461.

For third year

6% of 81461

6/100 × 81461

4887.66

₹ 86348.66

Step-by-step explanation: