(PLEASE HELP ME)(I WILL GIVE YOU BRAINLINEST)Suppose homes in a big city increase in value 13% every year. How much will a home
that cost $150,000 be worth 3 years later? (Remember, the formula is-
A = P(1 + r)t.)
A. $199,650
B. $216,435
C. $163,909
D. $220,280
1 answer:
Answer:
$216435
Step-by-step explanation:
Given : Suppose homes in a big city increase in value 13% every year.
To Find: How much will a home that cost $150,000 be worth 3 years later?
Solution:
Principal = $150000
Rate = 13% =0.13
Time = 3 years
Formula : 
Now substitute the values in the formula


So, The cost of home after 3 years will be $216435
Hence Option B is true
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