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19 June, 06:55

A necklace is valued at £1200

It's value is expected to increase by 4.5% per year over the next 3 years.

Calculate the expected value of the necklace after this time

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  1. 19 June, 07:50
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    You do 100+4.5 = 104.5

    Then divide the answer by 100, so 104.5/100 = 1.045

    You then do 1.045^3 x £1200 = £1369.39935 = £1369
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