Pritam bought a plot of land for rs 640000 its value is incresing by 5%of its previous value after 6 months what will be the calueof plot after 2 years
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value of plot= P [ 1 + r/100]ⁿ
P= 640000
r = 5% twice a year
n = 2 yr so 4
putting the values:
V= 640000[ 1 + 5/100] ⁴
= 777924 RS
P= 640000
r = 5% twice a year
n = 2 yr so 4
putting the values:
V= 640000[ 1 + 5/100] ⁴
= 777924 RS
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