The value of a flat increases by 10% every year. If its present value is ₹3300000 find it's value after two years? What was its value a year earlier
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Answer:value after 2 years = ₹3960000
Value before one year = ₹2970000
Step-by-step explanation:
Given
Present value ₹3300000
Increase = 10%
In 2 years = 10 + 10 = 20%
Value after 2 years = 3300000 + (3300000×20/100)
=3300000 + 660000
=₹3960000
Value before 1 year = 3300000 - (3300000 × 10/100)
=3300000-330000
=₹2970000
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