Ten > Growth and Depreciation

Asked by Basanta · 2 years ago

Rajiv has got Rs. 12,00,000. He purchased a motorcycle for Rs. 2,00,000 and a land for Rs. 10,00,000. The price of the motorcycle has been depreciating at a compound rate of 10% for 2 years, while the price of land has been increasing at the compound rate of 12%.

1. Write the formula to calculate compound growth.
2. What will be the price of land after 2 years? Find it.
3. Will the total price of the motorcycle and land after 2 years be Rs.15,00,000? Write with calculation.