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Derek buys a house for £150000, He sells the house for £154500. A.) Work Out Derek's percentage profit Derek invests £154500 for 2 years at 4% per year compound interest. B…

Derek buys a house for £150000, He sells the house for £154500. A.) Work Out Derek's percentage profit Derek invests £154500 for 2 years at 4% per year compound interest. B…
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Derek buys a house for £150000, He sells the house for £154500.

A.) Work Out Derek's percentage profit

Derek invests £154500 for 2 years at 4% per year compound interest.

B.) Work out the value of investment at the end of 2 years

asked
User Abhijith Mogaveera
by
8.4k points

2 Answers

4 votes
A.) Work Out Derek's percentage profit
answered
User Firdavs Kurbonov
by
7.8k points
4 votes
B)154500(1+0.04)^2==167,107.2
answered
User Jyotirup
by
7.7k points
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