if it's 5lack to buy an acre land and land price increasing 12 percent an year how much an money will it take to buy an acre land after 10 years
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Step-by-step explanation:
Money needed to buy an acre land present year = ₹5,00,000
Price of one acre land 1st year = 5,00,000*12/100 + 5,00,000 = ₹5,60,000
By repeating this process 9 more times the answer will be = 15,52,924.1041718
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