Explanation : Since, the sum becomes three times
in 8 yr.
∴3P - P = (P x R x 8)/100 =>2 = 8R/100.
R= 200/8 = 25%.
Again, in 12 yr let sum becomes n times,
then nP - P = (P x 25 x 12)/100 .
=> n-l=3
=> n=4 times
Explanation : Let purchase price be x Rs.
Price after 1 year,
x-(10/100) × x=9x/10.
Price after II year,
(9x/10) - (10/100) × (9x/10) =81x/100.
According to the question,
81x/100 = 24300.
x=(24300 × 100)/81
x= 30000 Rs