1. A falt was bought at $ 3400000 at the beginning of 2004.Its value increased at a constant rate of 3% per year from 2004-2007.
(a) Find the value of the flat at the end of 2007.
(b)If the value of the flat increases at 5% per year from 2008 onwards ,find its value at the end of 2010.
(for all,give the answers correct to the nearest $ 10000.)
Increasing at constant rate(%)
2013-07-30 7:13 am
回答 (1)
2013-07-30 7:24 am
✔ 最佳答案
1(a) The value of the flat at the end of 2007= 3400000 * (1 + 3%)^4
= 3830000
(b) The value of the flat at the end of 2010
= 3400000 * (1 + 3%)^4 * (1 + 5%)^3
= 4430000
收錄日期: 2021-04-27 17:43:11
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