the value of house appreciates 5% per year. How much is the house worth after 6 years if its current worth is RS. 15 lac.
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Answer:
Current worth is ₹ 15 lakhs = 15 × 10⁵
The value for house appreciates by 5% = 15 × 10⁵ × 5 / 100
= 15 × 5 × 10³
= 75 x 10³
= ₹ 75000
The house worth after 6 years , = 75000 x 6
= ₹ 450000
= ₹ 4.5 Lakhs
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