Answer:
£102,000
Step-by-step explanation:
A growth rate of 1.6% corresponds to an annual growth factor of ...
1 +1.6% = 1.016
The house value is multiplied by this factor each year for 4 years, so the final value is ...
£96000 × 1.016⁴ ≈ £102,293
To 3 significant figures, the house value after 4 years is £102,000.
