Question

At the start of 2014 Lucy's house was worth £200 000

The value of the house increased by 5% every year.
Work out the value of her house at the start of 2017.

Answer 1

200000 x 1.05^3=231525

Explanation:

X 1.05 because the price is increasing by 5% and ^3 because there are three years between 2014 and 2017