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House prices increased 13% between 1994 and 1996. How much would a house be worth in 1996, if it cost £134,500 in 1994?
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3 votes
House prices increased 13% between 1994 and 1996. How much would a house be worth

in 1996, if it cost £134,500 in 1994?

User Nikita Jajodia
by
7.6k points

1 Answer

2 votes
100 + 13 = 113%

113% = 1.13 as decimal

134500 x 1.13 = 151985

Ans: £151,985
User Sireesh Yarlagadda
by
8.4k points
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