I bought my flat last year for £40,000. The value of my flat increased by 12% in September and then by a further 10%in January t

Question

yKpoI14uk [10]

2 years ago

5

I bought my flat last year for £40,000. The value of my flat increased by 12% in September and then by a further 10%in January t

his year. What is it's value now?

Mathematics

1 answer:

Leya [2.2K] · Answer 1 · 2022-08-13T12:10:28+03:00

Leya [2.2K]2 years ago

7 0

The answer is: <span>40,000(1.12)(1.10)

Or 4 more understanding: 12% of £40000
</span>1%= 400, therefore, 12%= 4800.
In January, the value was £44800.
10% of this is £448.
Add £448 to £44800, giving you £45, 248