Answer:
the worth of the house today is $392,000
Step-by-step explanation:
in 1995 --------- $200,000
and its appreciates by 4% yearly
so by 2019 the house will be
firstly we subtract 2019 from 1995 to know how many years the house has appreciated for
2019 - 1995 = 24years
therefore to get the total % the house has appreciated for we multiply the year by 4%
24 * 4% = 96%
so to get the appreciated value we multiply 96% by the initial amount of the house
96% * $200,000 = $192,000
therefore the worth of the house at present will be the initial amount plus the appreciated value
$200,000 + $192,000 = $392,000
