AMCG3456GO AMCG3456GO Mathematics Answered Salome's house went from a valuation of 4.5 million ZAR (South African Rand) on 1st January 2011, to 6 million ZAR on 1st January 2020. If the value of the house compounded monthly, what was the annual rate of increase? Give your answer as a percentage, correct to 1 decimal place.