The price of a piece of land increases by 9% every years.If the present price is 11881, what was its price two years ago ?
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1 st year price =11881+11881×9%=11881+1069.29=12950. 29
2nd year price =12950. 29+12950.29×9%=14115. 81
2nd year price =12950. 29+12950.29×9%=14115. 81
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