Question

The value of a piece of land is increasing at a rate of 25% per annum. Find its value after 5 years if its value is 2,00,000 today.
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Answer 1

So your answer is

Increasing raaste per year = 25%
Recent value of land = ₹2,00,000
Value after 5 yrs =
First find how much cost is increasing =
= 25% of 200000 = 25 x 200000/ 100
= 25 x 2000 = 50,000
> Land cost is increasing ₹ 50,000 per year
> Cost of land after 5 years = ( 50,000 x 5 ) + recent cost
> Cost of land = ₹2,50,000 + 2,00,000
ANSWER > ₹4,50,000.

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