I bought my flat last year for £40,000. The value of my flat increased by 12% in September and then by a further 10%in January this year. What is it's value now?

Question

Josh

Mathematics

2 June, 22:12

I bought my flat last year for £40,000. The value of my flat increased by 12% in September and then by a further 10%in January this year. What is it's value now?

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Tiny · Answer 1

The answer is: 40,000 (1.12) (1.10)

Or 4 more understanding: 12% of £40000

1% = 400, therefore, 12% = 4800.

In January, the value was £44800.

10% of this is £448.

Add £448 to £44800, giving you £45, 248