Get premium membership and access questions with answers, video lessons as well as revision papers.

The initial cost of a ranch is 50 000 000. At the end of each year, the land increase by 2%. What will...

      

The initial cost of a ranch is 50 000 000. At the end of each year, the land increase by 2%. What will be the value of ranch at the end of 3 years?

  

Answers


joseph
Use the formula
A = P (1 +r/100)^n
A =50 000 000 (1 + 2/100)^3
= sh. 53 060 400

joseph rimiru answered the question on November 16, 2017 at 19:16


Next:  A minibus cost sh 4000000. Due to wear and tear, it depreciated in value by 2% every month. Find its value after one year.
Previous:  Form the quadratic equations whose roots are: a. -2 and 3 b. -7 and 11

View More Mathematics Questions and Answers | Return to Questions Index


Learn High School English on YouTube

Related Questions