Instructions

The following table refers to hotel construction projects. The cost of the project increased at the rate of 10% per annum; if completed beyond 1997.

Question 98

What is the cost incurred (in Rs. crore) for projects completed in 1998?

Solution

For year 1998:

Total value = Bombay hotels + Lokhandwala group

Total value = 250 + 225 = 475

Required value = 10 % increase in total value

1.1 * 475 = 522.5

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