Question

the value of a residential flat constructed at a cost of rupees 1000000 is appreciating at the rate of 10% per year what will be its approximate value after 4 year​

Answer 1

Answer:

Given -

Principle = ₹ 10,00,000

Rate of Interest = 10% or 10/100

Time = 4 years

Formula used here = p ( 1+ r/100)

= 100000(1+ 10/100)4

= 100000 X (1.1) 4

100000 X 1.4641

= ₹146410

Hence, the value of a residential flat after 4 years is ₹1,46,410