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05-05-2020
Mathematics

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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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Aliwohaish12 Aliwohaish12

05-05-2020

Answer:

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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