Question

The value of the land increases by 16% every year. The present value of the land is
2,32,000.
What: (a) will be the value of the land after a year? (b) was the value of the land previous year?​

Answer 1

Answer:

(a) the value of the value next year is 269120 rupees.

(b) the value of the land previous year is 200000 rupees.

Step-by-step explanation:

The capital value of the land in present year is , p = 232000 rupees

16% increase of the value of the land is ,

( 232000 × 16/100 ) = 37120 rupees.

then , (a) value of the land after a year is  ( 232000 + 37120 ) = 269120 rupees.

let , the value of the land in previous year is x rupees.

then after 16% increase we get ,

( x × 116/100 ) = 232000

⇒ x = ( 232000 × 100 )/116 = 200000 rupees

then , (b) the value of the land in previous year is 200000 rupees .