The value of a house increases by 10% every year . its present value is rs.8,80,000. then what will be its value 2 years later
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Answer:the present value of house is 880000
the value of house increases by 10%
after 1st year the value of house=10/100*880000+880000
=88000+880000
=968000
the next year the value of house=10/100*968000+968000
=96800+968000
=1064800
the value of house after 2 years is 1064800
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