Question

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

Answer 1

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