Question

Pradip bought a plot at Rs. 700000. If its value appreciates at the rate of 10%
per annum, find the value of the plot after 2 years.

Answer 1

step 1

We have been asked to find the value of the plot after 2 years.

Step 2

Principal, P = Rs. 700000

Rate, R = 10%

Time, n = 2 years

Amount = P(1 +

R

100

)

n

= 700000(1 +

10

100

)

2

= 700000 × 1.21

= 847000

Step 3

Therefore, the value of plot after the 2 years is Rs. 847000.

Answer 2

Answer:

847000/-

Step-by-step explanation:

given

P (principle)= Rs. 700000

T ( time) =n = 2 years

R (rate) = 10%

Putting the values in the formula

P(1+R/100)^n

700000(1+10/100)^2

700000(1+ 1/10)^2

700000[(10+1)/10]^2

700000[121/100]

7000×121

847000 Rs

Hope it helps