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A9nlinarajscrazygor A9nlinarajscrazygor
  • 09-01-2016
  • Mathematics
Answered

Marianne buys a house for $150,000, and the value of the house increases at a rate of 1.2% per year. How much will the house be worth in 10 years? Round to the nearest dollar.

Verified Answer :

nhutranq
nhutranq nhutranq
  • 09-01-2016

The rate of 1.2% per year is 1,800 [ (1.2150,00)/100]. Then in 10 years the rate will be 18,000 [1,80010] The house will be 168,000 [150,000+18,000

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