At the start of 2014, tim house was worth £100,000 the value of the house increases by 10%per every year work out the value of h
is house at the start of 2018
1 answer:
Answer:
$146410
Step-by-step explanation:
The formula for calculating future value:
FV = P (1 + r)^n
FV = Future value
P = Present value
R = interest rate
N = number of years
100,000 x (1.1)^4 = $146410
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