Priya bought a plot of land for 640000 it's value is increasing by 5per cent of its previous value after every six month what will be the value after 2 years
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P = 640,000.
r = 5% = 0.05
Interest period = 6 months.
Number of 6 months periods in 2 years : n = 2 years/6 months = 4
Value after 2 years = P (1 + r)^n
= 640, 000 × 1.05⁴ = 777, 924
r = 5% = 0.05
Interest period = 6 months.
Number of 6 months periods in 2 years : n = 2 years/6 months = 4
Value after 2 years = P (1 + r)^n
= 640, 000 × 1.05⁴ = 777, 924
kvnmurty:
:-) :-)
this value is correct.
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