the price of a plot increase at a constant rate of 5 every year . Find the expected price after a 3 year if the present price is 200000
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principal = 200000
Rate =5%
time = 3 years
amount = p (1+ r/100)^3
=200000 (1+5/100)^3
=200000 (105/100)^3
=200000×105/100×105/100×105/1000
=105 ×105 × 21
= 231525
THE EXPECTED PRICE AFTER THREE YEARS IS
RS 231525
HOPE THIS HELPS ☺☺☺
Rate =5%
time = 3 years
amount = p (1+ r/100)^3
=200000 (1+5/100)^3
=200000 (105/100)^3
=200000×105/100×105/100×105/1000
=105 ×105 × 21
= 231525
THE EXPECTED PRICE AFTER THREE YEARS IS
RS 231525
HOPE THIS HELPS ☺☺☺
Answered by
1
Answer:
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