[laurmae095]

Good Morning,

Overall I feel quite confident for my BA1 exam this Saturday. However, I’m going over my Kaplan revision text book and there is one particular question that I seem to have spent a ridiculous amount of time trying to make sense of and still can’t come to the answer they have provided. Could you please help me to resolve this as soon as possible.

Question: If house prices rise by 20 per cent per annum, find the equivalent percentage price per month

Answer: 1.53 per cent.

How did this answer arrive?

Thank you

[Author]

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