Sue ran 7 miles more than Jill last week. Sue ran 11 miles. Which equation will tell you how many miles Jill ran?A) x + 7 = 11B)
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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.