Question

The value of a property is increasing at the rate of 25% every year . By what percent will the value of the property increase after 3 years

Answer 1

Think,

initial value is 100

1st year...25%

then, it is 125

2nd year...25%

then, it is 156.25

3rd year...25%

then, it is 194.3125

therefore after three year its property increases 94.3125%