Question

Real estate values in a town are increasing at a rate of 9% per year.

Answer 1

Answer:

$887,761.38

Step-by-step explanation:

The principal amount the home is valued is $375,000 and it increases at a rate of 9% a year which is 0.09 and the amount of time it grew is 10 years. Therefore:

$A_{final}=375000(1+0.09)^{10}=375000(1.09)^{10}=887761.38$

After 10 years the house is worth $887,761.38 if this trend continues

Answer 2

Answer:

$887,761.38

i know this i s the answer because i had a quiz.

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