Mathematics

In an industrial area, the price of a plot of area 1 acre is ₹ 5 crores. If the price of land increases by 2% quarterly, then what will be the price of the plot after 1 year? 1. 5(1+2/100)^4 crores 2. 5(1+8/100)^4 crores 3. 5(1+2/100) crores 4. 5(1+8/100) crores

Compound Interest

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