Question

The value of a house increases by 10% every year. Its present value is 880000. What was its value 1 year earlier

Answer 1

Let the value of it 1 year earlier be x; then,

x + ×/10 = 880000

or, 11x = 8800000

or, x = 800000

Thus, the value of the house 1 year earlier was Rs. 800000

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Answer 2

Answer:

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