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Ahmed buys a house worth 268,000 pounds and its value rises at a compound rate of x% per year. After two years it is worth 292662.70pound. Workout the value of x.
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Ahmed buys a house worth 268,000 pounds and its value rises at a compound rate of x% per year.

After two years it is worth 292662.70pound. Workout the value of x.

User Allejo
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It would be .546% increase per year. You divide 292662.70 by 268000 and get 1.092025 and then divide by 2 for the years and get .546. Hope this helps
User Jorge Poveda
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