Question

Mr. Mehra bought a holiday home for 750000/- . It's value appreciates by 8% every year,what will be it's value after 3 years. Answer with full process​

Answer 1

Answer:

8% alloted for 1 year then for 3 years= 3×8= 24 %

P= 750000

R=24%

T= 3 years Interest = 7500 × 24 × 3= 7500 × 72 = 540000= Interest

Amount = 750000+540000 = 1290000

Interest= Rs.540000

Amount= Rs.1290000

Answer 2

Answer:

The answer is 9,44,784.

Explanation:

Principle- 7,50,000

Rate Of Interest - 8%

Time- 3 years

So,

A = P ( 1 + R/100) ^Time

A = 7,50,000 ( 1 + 8/100) ^ 3

A = 7,50,000 ( 100 + 8 /100) ^3

A = 7,50,000 ( 108/100) ^3

A = 7,50,000 x 108/100 x 108/100 x 108/100

A = 9447840000 / 10000 ( Now cut the 0's)

A = 9,44,784

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