Question

The value of residential flat is ₹ 1800000. It's value is appreciating at the rate of 10% per annum . what will be its value 3 years after construction​

Answer 1

To find:

what will be its value 3 years after construction​

Given:

Principle=1800000Rs

Rate of interest per annum=10%

Time=3years

We know that:

           Simple interest=$\frac{Principle * Time * Rate of interest per year}{100}$

Amount=Simple interest+Principle

Solution:

$\frac{1800000 * 3 * 10}{100}$Rs

=$\frac{54000000}{100}$Rs

=540000Rs

According to the question:

Amount=(1800000+540000)Rs

             =2340000Rs

Answer:

2340000Rs will be its value 3 years after construction​