A plot of land is sold for per square meter. As we know, land prices increase every year. Assume the increase is constant at per year.
Then, in a period of years, the price of the land will become ... per square meter.
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A plot of land is sold for Rp10.000.000,00 per square meter. As we know, land prices increase every year. Assume the increase is constant at Rp1.200.000,00 per year.
Then, in a period of 5 years, the price of the land will become ... per square meter.
This problem can be solved using the concept of a Linear Function or an Arithmetic Sequence, because the land price increase is constant (fixed) every year.
The initial land price (a) is given as 10,000,000 and the annual price increase (b) is 1,200,000. We want to find the land price after 5 years.
If we model this as a linear function where y is the land price and x is the number of years, the equation is:
Substitute x=5 to calculate the land price after 5 years:
Thus, the land price in 5 years will be Rp16.000.000,00 per square meter.