EM-1089
Direct proportion
E Math · Secondary 3 · Medium · Direct proportion
Mr Lee buys a plot of land for \$500 000. Its value increases by 5% each year, compounded annually. Find the value of the land after 4 years, correct to the nearest dollar.
- \$607,753
- \$600,000
- \$525,000
- \$625,000
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