A business was valued at £80000 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%.

Find out the value of x.

give your answer correct to 2 significant figures.

Question

Mathematics

Haylie Lozano

24 March, 20:45

A business was valued at £80000 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%.

Find out the value of x.

give your answer correct to 2 significant figures.

+2

Answers (1)

Know the Answer?

Joselyn Mathis · Answer 1

20%

Step-by-step explanation:

Value increased in 5 years = £95000 - £80000 = £5000

Value increase in 1 year = 5000/5 = 1000

Increase % = (1000/5000) * 100 = (1/5) * 100 = 20%

A business was valued at £80000 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%.Find out the value of x.give your answer correct to 2 significant figures.

A business was valued at £80000 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%.

Find out the value of x.

give your answer correct to 2 significant figures.