A plot of land costs 1,0 0,00 0 The land value appreciates by 5% the f

1.	A plot of land costs 1,0 0,00 0 The land value appreciates by 5% the first year and the valueappreciates by 8% the next year. What is the cost of the land after two years?furth8
Answer» For first year = 100000(1+(5/100)) =10000021/20 =105000 For second year = 105000(1+(8/100)) = 10500027/25 = 113400 The Cost of land after 2 years will be Rs.113400

A plot of land costs 1,0 0,00 0 The land value appreciates by 5% the first year and the valueappreciates by 8% the next year. What is the cost of the land after two years?furth8

Answer»

For first year = 100000(1+(5/100)) =100000*21/20 =105000

For second year = 105000(1+(8/100)) = 105000*27/25 = 113400

The Cost of land after 2 years will be Rs.113400