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{"ops":[{"insert":"a) The value of a particular land in Malabe was purchased for Rs 10 million. Its\nvalue appreciates according to the equation\nL is the value of the land\nL(O) is the purchase price\nk is the growth constant\nt is the time in years\nL = L(O) \u00b7 ekt\nAfter extensive research it has been found that the growth factor k is 3% per year.\nHow long will it take for the land to double its purchase value? ( 4 marks)\nb) At the same time the land was purchased, a house was built on the land for Rs\n3.5 million. The value of the house depreciates according to\n\nH H(O) \u00b7 e-qt\nHis the value of the house\nH(O) is the price of building the house\nq is the depreciation constant\nt is the time in years\nAfter some research it has been found that the depreciation factor q is 2% per year.\nHow long will take for the house to lose 75% of its initial value? (4 marks)\n\n\n"}]}
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