The value of a house increased by 10% every year. It vale is 8,80,000. Then, what was its value be 1 year earlier?
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Answer:
₹8,00,000
Step-by-step explanation:
The current value of a house is ₹8,80,000
The value of the house increased by 10% every year.
∴ If the value of a house is ₹x, then after 1 year its value will become:
₹() = ₹
∴ If the value of a house this year is ₹1.1x, then last year its value was ₹x
∴ If the value of a house this year is ₹x, then previous year its value was ₹
∴ The house having value of ₹8,80,000 this year, ₹x, last year its value was:
₹ =₹8,00,000
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