The value of property is increasing at the rate of 25% every year. By what percent will the value of the property increase at 3 years?
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Answer:
the answer should be 95.3125
Step-by-step explanation:
Increase in 1 yr =125/100*100
Increased to value 3 years=(125/100)³*100=195.3125
So increase =(195.3125-100)/100=0.953125=95.3125
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