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A property dealer bought a rectangular p...

A property dealer bought a rectangular plot (of land) in Noida 5 years ago at the rate of Rs. 1000 per `m^2` . The cost of plot is increases by 5% in every 6 years and the worth of a rupee falls down at a rate of 2% in every 5 years . What is the approximate value of the land per meter 25 years hence ??

A

₹ 995

B

₹ 1134

C

₹ 1500

D

₹ 1495

Text Solution

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The correct Answer is:
B
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