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15 December, 14:47

2. 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 its value now?

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  1. 15 December, 14:48
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    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
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