You are planning to purchase a house after two months and want to estimate how much...

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You are planning to purchase a house after two months and want to estimate how much it will cost. You found a dream house and the mortgage advisor informed you that the current price of the house is £425,000. He informed you that they expect the price to go up by 2.5% every month. How much will the house cost after two months? (3.3 marks) Frodo, Samwise, Pippin, and Merry have agreed to partner in an organic pet food delivery business based on the ratio 5:5:4:2 respectively. They expect to earn profit of £960,000 in the first year. How much does each partner receive in money terms? (4 marks) You are planning to purchase a house after two months and want to estimate how much it will cost. You found a dream house and the mortgage advisor informed you that the current price of the house is £425,000. He informed you that they expect the price to go up by 2.5% every month. How much will the house cost after two months? (3.3 marks) Frodo, Samwise, Pippin, and Merry have agreed to partner in an organic pet food delivery business based on the ratio 5:5:4:2 respectively. They expect to earn profit of £960,000 in the first year. How much does each partner receive in money terms? (4 marks)

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SOLUTION 1 To calculate the cost of the house after two months we can use the formula Final price In... View the full answer