The initial cost of a ranch is 50 000 000. At the end of each year, the land increase by 2%. What will...

The initial cost of a ranch is 50 000 000. At the end of each year, the land increase by 2%. What will be the value of ranch at the end of 3 years?

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Use the formula
A = P (1 +r/100)^n
A =50 000 000 (1 + 2/100)^3
= sh. 53 060 400

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joseph rimiru answered the question on November 16, 2017 at 19:16

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