Foundation June 2017 Paper 1 Q17
17 At the start of 2014 Priya’s house was worth £240 000.
The value of her house increased by 5% every year.
Work out the value of her house at the start of 2017. [3]
| Answer | Marks | Part marks and guidance | |
|---|---|---|---|
| 277 830 | 3 | M2 for \(240000 \times 1.05^3\) or M1 for \(240000 \times 1.05^2\) soi by or 264600 If 0 scored SC1 for 291721[.5] or 291722 | |