value of a property increases @2 percent every quater .what is the annual increase?
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the answer is 8 percentage
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A quarter means 3 months.
So there will be 4 quarters in an annum.
So if the percentage increase is 2% per quarter.
Therefore in an annum the percentage increase will be 2× 4 = 8% assuming the interest calculated is simple interest.
Hope it helps.
So there will be 4 quarters in an annum.
So if the percentage increase is 2% per quarter.
Therefore in an annum the percentage increase will be 2× 4 = 8% assuming the interest calculated is simple interest.
Hope it helps.
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