Question

Manjit bought a house. The value of her house went up by 5% in the first year. In the second year, the value went up by 2%. At the end of the two years her house was worth £171360.

What was the total percentage increase?
Work out the amount Manjit paid for her house

Answer 1

The percentage increase is 7%.

She paid £160150 for her house.

Explanation:

first year : increase 5%

second year : increase 2%

after 2 years : £171360

100%+5%+2%= 107%

107%= £171360

1%= £171360÷107

= £1601.5 (to 5 s.f.)

100%= £1601.5×100

= £160150