In 2015 Mr Ahmed bought approximately an acre of land on the east side of lahore for Rs 1,000,000 Who was considered a shrewd investor made many such purchase . How much would his descendants have in 2020 if instead of buying the land Mr Ahmed has invested Rs 1,000,000at 5% compound annual interest ?

In 2015 Mr Ahmed bought approximately an acre of land on the east side

1.	In 2015 Mr Ahmed bought approximately an acre of land on the east side of lahore for Rs 1,000,000 Who was considered a shrewd investor made many such purchase . How much would his descendants have in 2020 if instead of buying the land Mr Ahmed has invested Rs 1,000,000at 5% compound annual interest ?
Answer» 1276281.563Explanation:1000000(1.05)(1.05)(1.05)(1.05)*(1.05)

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