Salome’s house went from a valuation of 4.5 million ZAR (South African Rand) on 1st January 2011, to 6 million ZAR on 1s

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899604
Joined: Mon Aug 02, 2021 8:13 am

Salome’s house went from a valuation of 4.5 million ZAR (South African Rand) on 1st January 2011, to 6 million ZAR on 1s

Post by answerhappygod »

Salome’s house went from a valuation of 4.5 million ZAR (South
African Rand) on 1st January 2011, to 6 million ZAR
on 1st January 2020.
If the value of the house compounded monthly, what was the
annual rate of increase?
Give your answer as a percentage, correct to 1 decimal place
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”