arasara
Answered

Westonci.ca is the Q&A platform that connects you with experts who provide accurate and detailed answers. Ask your questions and receive accurate answers from professionals with extensive experience in various fields on our platform. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

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
Thanks for using our service. We aim to provide the most accurate answers for all your queries. Visit us again for more insights. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.