Question

Since last year the price of houses has increased by 9% on average. How much would you expect to pay this year for a house that cost £110,000 last year?

Answer 1

It would be: £110,000 + (110,000 * 9%)
= £110,000 + (£110,000 * 0.09)
= £110,000 + (£9900)
= £119,900

In short, Your Answer would be £119,900

Hope this helps!