A house is purchased for $375000 and has gained 12% for the last 5 years. What is it now ?
1 answer:
Answer:
$420,000
Step-by-step explanation:
The added percentage can be turned into a multiplier to make the problem easier.
value + 12%×value = value(1 +0.12) = 1.12×value
1.12×$375,000 = $420,000
It is $420,000 now.
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