HI hope you are well can you please please please help me with this question thank you alot

£231,525

Step-by-step explanation:

We are told that the value of Lucy's house

In 2014 = £200,000

And the house increased by 5% every year

In 2015 , 5% of £200,000

= 5/100 × £200,000

=£10,000

Start of 2015 = £200,000 + £10,000

= £210,000

In 2016 , 5% of £210,000

= 5/100 × £210,000

=£10500

Start of 2016 = £210,000 + £10,500

= £220,500

In 2017 , 5% of £220,500

= 5/100 × £220,500

=£11,025

Start of 2017 = £220,500 + £11,025

= £231,525

Therefore the value of Lucy's house at the start of 2017 = £231,525.

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