In 1980 Oscar inherited some money from a relative.
Oscar used his inheritance to buy a flat which was worth £23,000.
Today, Oscar’s flat is worth 1200% of its value in 1980.
Calculate the value of Oscar’s flat today.
Answer:
Since 23,000 is 100% of the value 1200% of that value is equivalent to multiplying by 12
23,000 x 12 = £276,000