Mrs Bean bought a business at the start of 2006 The business was then valued at £30 000 Since Mrs Bean's takeover, the business has consistently achieved a 2% yearly increase in value. a) Work out the value of the business at the start of 2018 Give your answer correct to the nearest £100 Another business was valued at £80 000 at the start of 2013 In 5 years the value of this business raised to £95000 This is equivalent to a yearly increase of x%. b) Find the value of x. Give your answer correct to 2 significant figures.

Elementary Geometry For College Students, 7e
7th Edition
ISBN:9781337614085
Author:Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:Alexander, Daniel C.; Koeberlein, Geralyn M.
ChapterP: Preliminary Concepts
SectionP.CT: Test
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ubjec x
y The busine X
B mrs bean tX
O MathsWat X
y! brainly - Ya x
y! maths hon X
M Math
vle.mathswatch.co.uk/vle/assignment/5871791/16845
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Compound interest and Depreciation
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Question Progress
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45 /51 Marks
Mrs Bean bought a business at the start of 2006
The business was then valued at £30 000
Since Mrs Bean's takeover, the business has consistently
achieved a 2% yearly increase in value.
a) Work out the value of the business at the start of 2018
Give your answer correct to the nearest £100
Another business was valued at £80 000 at the start of 2013
In 5 years the value of this business raised to £95 000
This is equivalent to a yearly increase of x%.
b) Find the value of x.
Give your answer correct to 2 significant figures.
P Type here to search
Transcribed Image Text:ubjec x y The busine X B mrs bean tX O MathsWat X y! brainly - Ya x y! maths hon X M Math vle.mathswatch.co.uk/vle/assignment/5871791/16845 Setapp | Personal U. Compound interest and Depreciation Overview 4 5 6 7. 9 10 Question Progress Homework Progress 45 /51 Marks Mrs Bean bought a business at the start of 2006 The business was then valued at £30 000 Since Mrs Bean's takeover, the business has consistently achieved a 2% yearly increase in value. a) Work out the value of the business at the start of 2018 Give your answer correct to the nearest £100 Another business was valued at £80 000 at the start of 2013 In 5 years the value of this business raised to £95 000 This is equivalent to a yearly increase of x%. b) Find the value of x. Give your answer correct to 2 significant figures. P Type here to search
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