Question

The cost of a piece of land increases by 50% every
year from 2005 onwards. If the difference in the
cost price of the land between the third and the
second year is 67,500, then find the cost of the
land in 2005.​

Answer 1

Answer:

18000

Step-by-step explanation:

As you mention the cost will increase 50% every year, then the difference of the cost of second and third land is 50%.

67500 = 50%

second is 67500 / 5 × 2 = 27000

third is 67500 / 5 × 3 = 40500

then the first (2005) is 27000 / 150% = 18000