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 99

What is the cost incurred (in Rs. crore) for projects completed in 1999?

Solution

For year 1999:

Total value = IHCL + Leela hotel + Raheja + ITC

Total value = 275+235+250+300 = 1060

Required value = 1.1 * 1.1*1060 { since increase of 10% over 1998 and 1997]

= 1282.6

Hence A

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