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14. Compound Interest
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Q3 of 89 Page 14

Pritam bought a plot of land for Rs. 640000. Its value is increasing by 5% of its previous value after every six

months. What will be the value of the plot after 2 years?

Given,


Price of land = Rs.640000


Rate of increase = 5% in every six month


So,


Value of plot after 2 years =


=


More from this chapter

All 89 →
1

Ms. Cherian purchases a boat for Rs. 16000. If the total cost of the boat is depreciating at the rate of 5% per annum, calculate its value after 2 years.

2

The value of a machine depreciates at the rate of 10% per annum. What will be its value 2 years hence, if the present value is Rs 100000? Also, find the total depreciation during this period.

4

Mohan purchased a house for Rs. 30000 and its value is depreciating at the rate of 25% per year. Find the value of the house after 3 years.

5

The value of a machine depreciates at the rate of 10% per annum. It was purchased 3 years ago. If its present value is Rs. 43740, find its purchase price.

Questions · 89
14. Compound Interest
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