Question

the value of house appreciate 5% per year how much is the house worth after 6 years if its current worh is rs. 15 lakh​

Answer 1

Answer:

The answer is  2,0102,000 Rs.

Step-by-step explanation:

Value of house after 6 years = P (1 + R/100)^n

Here P = 15 lakh (1,500,000)

R = 5%

n = Number of years = 6 years

Now put the values in above formula.

Value of house after 6 years = P (1-+ R/100)^n

                                            = 1,500,000 (1 + 5%/100)^6

                                            =  1,500,000  (1 + 0.05)^6

                                            =  1,500,000 (1.05)^6

                                            = 1,500,000  x 1.34

                                           = 2,0102,000 Rs.

Thus the value of house after 6 years will be 2,0102,000 Rs.

Answer 2

Answer:

Answer:

The answer is  2,0102,000 Rs.

Step-by-step explanation:

Value of house after 6 years = P (1 + R/100)^n

Here P = 15 lakh (1,500,000)

R = 5%

n = Number of years = 6 years

Now put the values in above formula.

Value of house after 6 years = P (1-+ R/100)^n

                                            = 1,500,000 (1 + 5%/100)^6

                                            =  1,500,000  (1 + 0.05)^6

                                            =  1,500,000 (1.05)^6

                                            = 1,500,000  x 1.34

                                           = 2,0102,000 Rs.

Thus the value of house after 6 years will be 2,0102,000 Rs.

Step-by-step explanation:

Hope this answer will help you.