Question

the value of a piece of land is increasing at a rate of 25% per annum. Find
it's value atler 5 years if its value is 2,00.000 today.​

Answer 1

Answer:

955/16%

Step-by-step explanation:

It is given that  

Original price of the property (P) = 100

Rate of increase (r) = 25% p.a.  

Period (n) = 3 years  

We know that  

Increased value after 3 years =  P(1+r/100)  

n

 

Substituting the values  

=100(1+25/100)  

3

 

By further calculation  

=100×5/4×5/4×5/4

= 3125/16

Here  

Increased value = 3125/16 - 100

Taking LCM  

=(3125−1600)/16

=1525/16

So the percent increase after 3 years = 1525/16=955/16%