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Math  /  Numbers & Operations

QuestionThe value of a building is currently £251,000.£ 251,000 .
If the value increases by 3.5%3.5 \%, what will the new value be?

Studdy Solution

STEP 1

1. The current value of the building is £251,000 £251,000 .
2. The value of the building increases by 3.5% 3.5\% .
3. We need to calculate the new value of the building after the increase.

STEP 2

1. Calculate the increase in value.
2. Add the increase to the original value to find the new value.

STEP 3

Calculate the increase in value by finding 3.5% 3.5\% of £251,000 £251,000 .
Increase=0.035×251,000\text{Increase} = 0.035 \times 251,000

STEP 4

Perform the multiplication to find the increase.
Increase=0.035×251,000=£8,785\text{Increase} = 0.035 \times 251,000 = £8,785

STEP 5

Add the increase to the original value to find the new value.
New Value=251,000+8,785\text{New Value} = 251,000 + 8,785

STEP 6

Calculate the new value.
New Value=251,000+8,785=£259,785\text{New Value} = 251,000 + 8,785 = £259,785
The new value of the building is:
£259,785\boxed{£259,785}

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