the value of property is increasing at rate of 25% every year. By what percent will the value of property increase after 3 years
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Answered by
94
assume,
initial 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 there year its property increases 94.3125%
initial 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 there year its property increases 94.3125%
Answered by
182
Answer:
assuming the present value to be Rs 100
After 3 yrs, the value
= 100(1+25/100)^3
= 100(5/4)^3
= 100*5*5*5/4*4*4
= 3125/16
= 195.31
= percentage =195.31 - 100 = 95.31% p.a
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