Answer :
12% of £40000
1%= 400, therefore, 12%= 4800.
In January, the value was £44800.
10% of this is £448.
Add £448 to £44800, giving you £45, 248
1%= 400, therefore, 12%= 4800.
In January, the value was £44800.
10% of this is £448.
Add £448 to £44800, giving you £45, 248