A father walks 36 miles in 12 hours, while his son covers the same distance on a bicycle at twice the father's rate of speed. At
2 answers:
You might be interested in
You can work out the percentage change and that would help you work out the rate of appreciation :)
The formula is ((new value - old value)/old value) * 100.
So you do
Therefore the rate of appreciation is 8% p/a.