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  • 07-09-2022
  • Mathematics
contestada

Salome's house went from a valuation of 4.5 million ZAR (South African Rand) on 1st January
2011, to 6 million ZAR on 1st January 2020.

If the value of the house compounded monthly, what was the annual rate of increase?

Give your answer as a percentage, correct to 1 decimal place.

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