arasara
Answered

Westonci.ca is the ultimate Q&A platform, offering detailed and reliable answers from a knowledgeable community. Get quick and reliable solutions to your questions from a community of seasoned experts on our user-friendly platform. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

Ahmed buys a house worth 268,000 pounds and its value rises at a compound rate of x% per year.
After two years it is worth 292662.70pound. Workout the value of x.

Sagot :

It would be .546% increase per year. You divide 292662.70 by 268000 and get 1.092025 and then divide by 2 for the years and get .546. Hope this helps
We hope our answers were useful. Return anytime for more information and answers to any other questions you have. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. We're dedicated to helping you find the answers you need at Westonci.ca. Don't hesitate to return for more.