Higher November 2019 Paper 4 Q10
10 The value of a house, £\(H\), is given by the formula
\(H = 165\,000 \times 1.03^t\)
where \(t\) is the number of years after 1st January 2010.
(a) Write down the value of the house on 1st January 2010. [1]
(b) Write down the annual percentage increase in the value of the house. [1]
(c) Show that the value of the house is over £200 000 on 1st January 2017. [2]
| Answer | Marks | Part marks and guidance | |
|---|---|---|---|
| 165 000 | 1 | ||
| Answer | Marks | Part marks and guidance | |
|---|---|---|---|
| 3 | 1 | ||
| Answer | Marks | Part marks and guidance | |
|---|---|---|---|
| 165 000 × 1.037 | 1 | ||
| 202 929.1878 truncated or rounded to at least 3sf | 1 | ||