CLEAR
Toprankers-Info

+91 7676564400

Mobile App

Get it on Google Play
Discussions
Tags:

Articles

Discussions
Submit Discussion
soumya

· started a discussion

· 1 Months ago

explanation (Question: 99818.0 )

from where did v get 1.05?

Question:
A property dealer bought a rectangular plot (of land) in Noida 5 years ago at the rate of \(\unicode{x20B9} \)1000 per m2. The cost of plot is increases by 5% in every 6 years. What is the approximate value of the land per meter2 25 years hence?
Options:
A) \(\unicode{x20B9} \)995
B) \(\unicode{x20B9} \)1280
C) \(\unicode{x20B9} \)1340
D) \(\unicode{x20B9} \)1495
E) \(\unicode{x20B9} \)1595
Solution:

Ans: (c) Total time = 25 + 5 = 30 years

Again no. of time periods for cost increment = \(\cfrac{30}{6}\) = 5

 net value of the plot = 1000 × (1.05)5

≈ \(\unicode{x20B9} \)1280

Ankit Chaudhary

· commented

· 1 Months ago

1+5/100

Knowledge Expert

· commented

· 1 Months ago

:)

soumya

· commented

· 1 Months ago

thankyou

Knowledge Expert

· commented

· 1 Months ago

its 5% increase..........1+5/100=105/100=1.05......if 5% increase in x then amount = x*1.05...
-logo
We at aim to provide most comprehensive content & test for practice which is carefully divided into various chapters and topics to help you focus on your weak areas.Our Practice mock test gives you unmatched analytics to help you realize your strong areas,time management and improvement areas.Our Short & Crisp notes on each topic will help you to quickly revise the topic along with the tips & tricks of the exams.
More About
-Info
-Info

Mobile App

Get it on Google Play
About Us Campus Ambassador Careers Contact Us Refund Policy

All Rights Reserved Top Rankers

User Policy
Disclaimer
Terms & Conditions