The median house price in Sydney in 1994 was $19700. If house prices are expected to increase at a constant rate of 5.8% p.a., calculate the median house price
Mathematics
joboroto
Question
The median house price in Sydney in 1994 was $19700. If house prices are expected to increase at a constant rate of 5.8% p.a., calculate the median house price in Sydney for the year 2000 (to the nearest 100 dollars)  if you could do working out that would be great thanks :)
1 Answer

1. User Answers Anonym
1995: $208426
1996:$220514.708
1997:$233304.5611
1998:$246836.2256
1999:$261152.7267
2000:$276299.5848. Hope it help!