Mathematics

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

  • 1995: $208426
    1996:$220514.708
    1997:$233304.5611
    1998:$246836.2256
    1999:$261152.7267
    2000:$276299.5848. Hope it help!
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