The price of a plot increase at a constant rate of 5% every year. Find its expected price after 3 years of the present price is ₹200000
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formula,
Future price = Present Price × (1+ r/100)^
time
= 200000 X (1+ 5/100)^3
= 200000 X (105/100)^3
= ( 200000 × 105 ×105 ×105)/ 100x 100 x 100)
= 231525
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Answer:
230000
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