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1 year ago

A house is valued at £240 000.

Mathematics

1 answer:

N76 [4]1 year ago

6 0

The formula for calculating the amount predicted at t years is expressed as:

A = P(1+r)^t. The predicted value after 2 years is £253.62

<h3>Exponential function</h3>

The formula for calculating the amount predicted at t years is expressed as:

A = P(1+r)^t

where

P is the principal
r is the rate
t is the time

Substitute the given parameters

A = 240(1+0.028)^2
A =240 (1.028)^2

A = £253.62

Hence the predicted value after 2 years is £253.62

Learn more on exponential function here; brainly.com/question/12940982

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