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Q13.Neil bought a house for £235 000In the first year the value of the house depreciated by 4%In each of years 2 and 3 the value of the house increased by 6%Work out the value of the house at the end of year 3

Sagot :

Given: Neil bought a house for £235 000

In the first year the value of the house depreciated by 4%

In each of years 2 and 3, the value of the house increased by 6%.

Required: To find out the value of the house at the end of year 3.

Explanation: Since in first year the value of house depreciated by 4%,

[tex]\text{ New price}=235000-\frac{235000\times4\times1}{100}[/tex][tex]undefined[/tex]

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