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

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answerhappygod
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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
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