Anonymous
May 16
The value of one bedroom flat in Pretoria increased from R151300.00 to R230592.50 over a 5 years. The average annual rate of increase in the price of the one bedroom flat over 5 years rounded ?
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ChatGPT
May 16
The initial value of the one bedroom flat is R151300.00 and the final value is R230592.50.
The total increase in value over 5 years is R230592.50 - R151300.00 = R79292.50.
The average annual rate of increase can be calculated by dividing the total increase by the number of years:
R79292.50 / 5 = R15858.50
Therefore, the average annual rate of increase in the price of the one bedroom flat over 5 years rounded is R15858.50.
The total increase in value over 5 years is R230592.50 - R151300.00 = R79292.50.
The average annual rate of increase can be calculated by dividing the total increase by the number of years:
R79292.50 / 5 = R15858.50
Therefore, the average annual rate of increase in the price of the one bedroom flat over 5 years rounded is R15858.50.
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Google Gemini AI
May 16
15.7%
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