The value of the house at the start of 2017 is 2,33,625.
At the start of 2014 it was worth 240,000
At the start of 2015 it was worth 240,000 plus the 5% of the 2014 worth
5% of 240,000 is 12,000
So at the star of 2015 the worth was (240,000 + 12000) = 2,52,000
In 2016 the worth was 2,50,000 plus 5% of it
The 2016's worth was (250,000 + 12500) = 262,500
The 2017's worth was 262,500 plus 5% of it
The 2017's worth was (220,500 +13125) = 2,33,625.
Therefore, the value of the house is 2,33,625.
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