SOLUTION: Mawu bought a piece of plot of land for ksh.300000 per hectare. The value appreciated at a constant rate of 10% per annum . After 2 years , he sold the whole plot to a customer who
Algebra ->
Finance
-> SOLUTION: Mawu bought a piece of plot of land for ksh.300000 per hectare. The value appreciated at a constant rate of 10% per annum . After 2 years , he sold the whole plot to a customer who
Log On
Question 1175059: Mawu bought a piece of plot of land for ksh.300000 per hectare. The value appreciated at a constant rate of 10% per annum . After 2 years , he sold the whole plot to a customer who paid him ksh.500000 per hectare . In the transaction he received ksh. 274000 more than the present value of the plot . Determine :
a) The present value per hectare.
b) If the rate is the same , what is the land value in the next three years from the present value .
c) The size of wau's plot in hectare Answer by Solver92311(821) (Show Source):
