A business was valued at £80000 at the start of 2013. In 5 years the value of this business raised to £95000. this is equivalent
to a yearly increase of x%.
Find out the value of x.
give your answer correct to 2 significant figures.
1 answer:
Answer:
20%
Step-by-step explanation:
Value increased in 5 years = £95000 - £80000 = £5000
Value increase in 1 year =5000/5 = 1000
Increase % = (1000/5000 ) * 100 = (1/5) *100 = 20%
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