Question

The value of property is increasing at rate of 25% every year. By what percent will the value of property increase after 3 years

Answer 1

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Answer 2

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