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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.
Sagot :
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