New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    A property dealer bought a rectangular plot in Noida

    five years ago at the rate of Rs. 1000 thousand per square meter, the cost of plot increases by 5% every six years and the worth of rupee falls down with the rate of 2% in every five years. What is the approximate value of nine per meter squared 25 years hence?
    A Rs. 335 Correct Answer Incorrect Answer
    B Rs. 995 Correct Answer Incorrect Answer
    C Rs. 1134 Correct Answer Incorrect Answer
    D Rs. 1500 Correct Answer Incorrect Answer
    E RS. 1495 Correct Answer Incorrect Answer

    Solution

    Total time = 25+5 = 30 years Again no, of time periods for cost increment = 30/6 = 5 and no. Of time periods for rupee depreciation= 30/5 = 6 Now, the net value of the plot = 1000*(1.05)5 *( 0.98)6                                                         = Rs. 1134

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