Question

The price of a residential flat increases

by 15% each year. If the present price is Rs. 60,00,000, then after

2 years, what will be its cost ?​

Answer 1

Answer:

it's simple

present price 60,00,000

increase in price =

$\frac{15}{100} \times 6000000$

= 15 x 60000

= 900000

after 1 year = 6900000

increase =

$\frac{15}{100} \times 6900000$

= 69000 x 15

= 1035000

so the final price will be 79,35,000