4 Jessica bought an apartment in Hong Kong for (US)$320 000 as an investment. If the value of her apartment appreciates at an average rate of 3.5% per annum, what would it be worth in five years' time
Answers
Answered by
1
Answer:
Initial value is 320 000
Rate of appreciation = 3.5%
Step-by-step explanation:
worth in 5 years
=320000*3.5*3.5*3.5*3.5*3.5
=168070000
Answered by
1
Answer:
378957
Step-by-step explanation:
320000*(1+ 3.5/100)^5
32000*(1.035)^5
378957
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