Question

the plot of land is valued at rs 625000 in 2011. The rate of inflation is 4.8 % per annum . What would be the value plot in 2013 (2years)​

Answer 1

The rate of inflation is 4.8 % per annum on the value of Rs. 625000 then the value of plot in 2013 (2years) will be Rs. 686440.

Step-by-step explanation:

The value of the plot of land in the year 2011, P = Rs. 62500

The rate of inflation, R = 4.8% p.a.

Time period, n = 2 years

Let the value of the plot in 2013 be denoted as "A".

The formula for finding the value after the inflation is given by,

A = P [1 + $\frac{R}{100}$]ⁿ

By substituting the given values in the formula, we get

A = 625000 * [1 + $\frac{4.8}{100}$]²

⇒ A = 625000 * [$\frac{1048}{1000}$]²

⇒ A =  $\frac{625000 * 1048 * 1048}{1000 * 1000}$

⇒ A = Rs. 686440

Thus, the value of the plot in the year 2013 will be Rs. 686440.

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Answer 2

Answer:

6,86,440

Step-by-step explanation:

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