Answer:-

★★ Present value of the house = ₹ 38,80,000

★★ The value of the house increases 10% per year

We need to find

(i) The value of the house 2 years later

(ii) Value of the house 1 year ago

(i) After 1 year ,

Increase = 10% of present value

So value of the house after 1 year = ₹ ( 38,80,000 + 38800 )

= ₹ 42,68,000

After 2 years,

Increase = 10% of ₹ 426,800

Value after two years = ₹ (42,68,000 + 4,26,800)

= ₹ 4,694,800

(ii) Let the value of one year earlier be x

Then, according to the question

Answer: (i) The value of the house 2 years later = ₹ 4,694,800

(ii) Value of the house 1 year ago = ₹ 3,527,272.73

@BengaliBeauty

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