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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...

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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.

Answer

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

Virtual Teaching Assistant: John B.
Question Level: Basic
Karma: Free
Upload Date: 5/31/2017

This 35 words question was answered by John B. on StudySoup on 5/31/2017. The question contains content related to Math Since its upload, it has received 40 views.

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