Suppose the price of one-acre land is 2 crores. If the price of land increases at the rate of 8% per annum for every 3 months, then what will be the price of land after 1 year?
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After 1 year price will be
20000000(1+8/100)^4-20000000
20000000(108/100)^4-20000000
20000000×136,048,896/100000000-20000000
2×136048896/10-20000000
136,048,896/5-20000000
27,209,779.2-20000000
7209779.2
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