Question

the value of a property is increasing at a rate of 25% per year by what percent will the value of the property increase after 3 years
(Ans-{1525/16}%​

Answer 1

Answer:

let the value of property be x

increasing rate per year = 25%

after 1st year

value of property = x + 25%ofx

= 5/4 x

after 2nd year

value of property = 5/4 x + 25%of 5/4 x

= 25/16 x

after 3rd year

value of property = 25/16 x + 25%of25/16x

= 125/64 x

net increase in value = 125/64x - x

= 61/64 x

then value increase in percentage = 61/64 x /x ×100

95.31%