Interactive practice questions
A house was valued $6$6 years ago to be worth $\$548000$$548000. Its value appreciated at $5.2%$5.2% p.a. What is its appreciated value? Give your answer correct to the nearest dollar.
The price of pens and pencils in 1996 was $\$5$$5. If the value inflated at an average rate of $\frac{16}{5}%$165% per annum, what would the price have been in 2005?
A one year sports club membership currently costs $\$332$$332. Calculate the cost in $6$6 years’ time if the inflation rate is on average $2.6%$2.6% per annum. Give your answer correct to the nearest dollar.
If a piece of land appreciates at an average rate of $3.7%$3.7% per annum and its current value is $\$430000$$430000, calculate its value in $3$3 years. Give your answer to the nearest dollar.