Pritam bought a plot of land for Rs. 6,40,000. Its value is increasing by 5% of its previous value after every 6 months. What will be the value of the plot after 2 years?
Answers
Answered by
9
I hope u may understand.
Attachments:
Answered by
10
since rate gets increased in every 6 months so value will be increased total 4 times over a period of 2 years. Hence,
value of plot after 2 years=6,40,000(1+5/100)^(2*2)
=Rs 777924.
value of plot after 2 years=6,40,000(1+5/100)^(2*2)
=Rs 777924.
Similar questions