Question

real estate julie bought a house for $100,00 five years ago. if the value of the house has appreciated 5% per year , how much is it worth

Answer 1

To find the answer, turn the appreciated percent into a decimal:

5% ----> .05 (Divide by 100)

Then multiply it by the total value:

100,000 x .05 = 5000

Then add that to the total:

105,000

So the house is worth a total of $105,000.

Hope this helps!