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Amru

· started a discussion

· 1 Months ago

why multiplying with 1.1 x 1.1 (Question: 117058.3 )

why multiplying with 1.1 x 1.1

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 cost incurred for projects completed in 1999?
Options:
A) Rs. 1270 crore
B) Rs. 1282.6 crore
C) Rs. 1805.1 crore
D) Rs. 1535 crore
E) None of these
Solution:
Cost = (275 + 235 + 250 + 300) × 1.1 × 1.1 = 1282

Knowledge Expert

· commented

· 1 Months ago

@aayush Cost = (275 + 235 + 250 + 300) × 1.1 × 1.1 = 1282

aayush

· commented

· 1 Months ago

the answer is 1166

Knowledge Expert

· commented

· 1 Months ago

because The cost of project increased at the rate of 10% per annum
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