Question

The value of an office space constructed at a cost of rs 2,00,000 is appreciating at the rate of 10% per annum. What will be its value after 3years of construction

Answer 1

x=2,00,000
r=10
t=3

p=?
p=x(1+r/100)^t

p=200000(1.1)^3
p=200000*1.331
p=266200