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Vineeth Roy

· started a discussion

· 1 Months ago

why is 1.1 taken here (Question: 117058.4 )

why is 1.1 taken here?

Question:
Directions: The following table refers to hotel construction projects. The cost of project increased at the rate of 10% per annum; if completed beyond 1997.

Hotels in Mumbai

What is the approximate cost incurred for projects completed in 2000?
Options:
A) Rs. 2140 crore
B) Rs. 1785 crore
C) Rs. 2320 crore
D) Rs. 2500 crore
E) None of these
Solution:
Total cost =  (250 × 1.13) = 332.75                  

kanhaiya jha

· commented

· 1 Months ago

its given that cost of project increased at the rate of 10% per annum...

so, 250(1+10/100)^3 = 250*1.1*1.1*1.1=332.75 crores
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