2 (i) A borough of rateable value £1,600,000 levies an annual rate of 22s 3d in the £.
What is the annual revenue produced? = £3.522,000
I calculated that they received 22s 3d for every pound they had,
22s =5280d + 3d 5283d x 1600000 =35200000 / 240 = £3,522.000
But have no idea, if that’s the correct way to do it.
(iii) A mans salary after being increased by 20% was £810 per annum. What was the amount of the increase?
You are right on that one Edgar, I did not read the word after so calculated the 20% on the £810.:o
Guess thats why the questions are written in that way, to catch the pupils who have not been listening to their lessons before hand.
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