Question

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.

Answer 1

Answer:

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%