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Mbaka bought some plots at Ksh 400 000 each. The value of each plot appreciated at the rate of 10% per annum.
a. Calculate the value of a plot after 2 years. (2 marks)
b. After some time t, the value of a plot was Ksh 558 400. Find t, to the nearest month. (4 marks)
c. Mbaka sold all the plots he had bought after 4 years for Ksh 2928200. Find the percentage profit Mbaka made, correct to 2 decimal places. (4 marks)