Rajan has Rs 2,00,00,000.
Rajan purchased a car for Rs 60,00,000 and land for Rs 1,40,00,000. For
2 years, the price of the car has been decreasing at a compound rate of
5% per annum, while the price of the land has been increasing at a
certain compound rate
a) What will be the price of car after 2
years? Find it.
b) After 2 years, if the total price of
the land and car is Rs. 2,11,45,400 then, what is the rate of compound
growth in the price of land? Calculate it.
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