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adell [148]
2 years ago
10

(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
Mathematics
1 answer:
kolbaska11 [484]2 years ago
3 0

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 : A=P(1+r)^t

Now substitute the values in the formula

A=150000(1+0.13)^3

A=216434.55

So, The cost of home after 3 years will be $216435

Hence Option B is true

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