At the start of 2014 Lucy’s house was worth £200 000. The value of the house increased by 5% every year.

Question

At the start of 2014 Lucy’s house was worth £200 000. The value of the house increased by 5% every year.
work out the value of her house at the start of 2017.

mathhelper · Accepted Answer

What is 200 000(1.05)^3 ?

Michael omoloye · Answer

By firstly change the decimal to fractio. So, 200000*(105/100)^3. Answer=2.31525*10^11/1000000=231,525.