The value of a house increased by 10% every year. It's present value is 880000rs. What will its value be 2 years late?
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Answer:
The value of a house increased by 10% every year.
It's present value is 880000rs.
Calculate:
Total P+I (A)
Where: A = P(1 + r/n)^(nt)
Principal (P): $ 880,000.00
Rate (R): % annual 10
Compound (n): Compounding Annually (1/Yr)
Time (t in years): 2
Answer:
A = $ 1,064,800.00
A = P + I where
P (principal) = $ 880,000.00
I (interest) = $ 184,800.00
its value be 2 years late 1,064,800.00
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Chlo apni previous account se Point le liye jaye..
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