Answer: Here's my answer!
Step-by-step explanation:
To calculate how much was paid for the house in each year:
1. In 2016, the house was valued at £466,000.
2. In 2020, the house was valued at £580,000.
To calculate the percentage increase in the value of the house between 2016 and 2020:
1. Find the difference between the values: £580,000 - £466,000 = £114,000.
2. Divide the difference by the initial value: £114,000 / £466,000 = 0.2447.
3. Multiply the result by 100 to get the percentage: 0.2447 * 100 = 24.47%.
The value of the house increased by approximately 24.47% between 2016 and 2020.
To calculate the percentage increase in Pak Rupee given that 1 £ = Rs.230:
1. Multiply the value of the house in 2016 (£466,000) by the exchange rate: £466,000 * Rs.230 = Rs.107,180,000.
2. Multiply the value of the house in 2020 (£580,000) by the exchange rate: £580,000 * Rs.230 = Rs.133,400,000.
3. Find the difference in Pakistani Rupees: Rs.133,400,000 - Rs.107,180,000 = Rs.26,220,000.
4. Divide the difference by the initial value in Pakistani Rupees: Rs.26,220,000 / Rs.107,180,000 = 0.2447.
5. Multiply the result by 100 to get the percentage: 0.2447 * 100 = 24.47%.
The value of the house increased by approximately 24.47% in Pakistani Rupees between 2016 and 2020.