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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.

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  1. 25 March, 00:12
    0
    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%
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