Question

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

Answer 1

Answer:

Step-by-step explanation:

Let property initial value =p

Then after 3 yrs, new property value p1 will be

P1=p*(1+0.25)(1+0.25)(1+0.25)=1.953125p

Hence increase in value= (1.953125-1)p*100/p

=95.3125%