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Mwenga bought a plot of land at sh 300 000 per hectare in a town where land value appreciates at a constant rate of 10% per annum. After two years he sold the whole plot to a customer who was willing too pay sh 500 000 per hectare. In the transaction Mwenga received sh 274
000 more than the present value of the plot.
Determine
a) The present land value per hectare.
b) The size of mwenge’s plot in hectares.