Question

Ram purchased a flat at a price of Rs. 4,50,000. If its price is increasing by 5% per year, find the price at the end of 5 years.

Answer 1

Hey!

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Your answer :-

Given :-

¤ Ram purchased a flat at Rs. 4,50,000

¤ The price of the flat is increasing by
5% per year

To Find :-

¤ The price at the end of 5 years

Solution :- ( Simple method )

1 percentage = 4,50,000 / 100

= 4,500

( Increasing 5 percent for a one year )

According to statement :-

Price increases = 4,500 × 5

Rs = 22,500

The price at the end of 5th year :-

Rupees = no.price increases × no.of years

= 22,500× 5

Rupees = 1,12,500

Conclusion :-

Hence the price increases for five years at
the rate of 5%per year = 1,12,500.

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