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Derek buys a house for £150000, He sells the house for £154500.


A.) Work Out Derek's percentage profit


Derek invests £154500 for 2 years at 4% per year compound interest.


B.) Work out the value of investment at the end of 2 years

Verified Answer :

B)154500(1+0.04)^2==167,107.2

A.) Work Out Derek's percentage profit