At the start of 2015, Barry's house was worth £270000.
The value of his house increased by 3% every year.
Work out the value of his house at the start of 2020.
6 answers
270000 * (1 + .03)^(2020 - 2015)
where is the damn answe4r
270000 * (1 + .03)^(2020 - 2015)
313004
313004
313004 for those that just want the answer and no nonsense
So first of all, you need to times 3% interest by 5 as it goes up 3% each year and there have been 5 years.
Then, with the existing price of £270,000, you need to add 15% of £270,000, which is 40,500.
Then with 270,000 and 40,500 added you should get £310,500, which is the worth of Barry's house in 2020
Then, with the existing price of £270,000, you need to add 15% of £270,000, which is 40,500.
Then with 270,000 and 40,500 added you should get £310,500, which is the worth of Barry's house in 2020
bad question so i cheeted