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31 August, 13:10

A house was bought for £100,000

Its value appreciates by 7.5% each year for the Nirst three years. What was its value at the end of the three years?

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  1. 31 August, 15:09
    0
    122500

    Step-by-step explanation:

    The formula

    A=p (1+rt)

    A?

    P 100000

    R 0.075

    T 3 years

    A=100,000 * (1+0.075*3)

    A=122500
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