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 this year. What is it's value now?

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asked Oct 7, 2018 106k views

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Npatel · Answer 1 · 2018-10-11T02:33:55+0000

The answer is: 40,000(1.12)(1.10)

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

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 this year. What is it's value now?

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