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RUDIKE [14]
3 years ago
6

The Mendes family bought a new house 6 years ago for $104,000. The house is now worth $177,000. Assuming a steady rate of growth

, what was the yearly rate of appreciation? Round your answer to the nearest tenth of a percent (1.2% etc)
Answer:
Mathematics
1 answer:
dusya [7]3 years ago
7 0
Well, the house grew 73 k throughout the 6 years, so it grew around 12.16 k each year. 12.16/104= approximately 11.6923%
Rounded to the nearest 1/10 of a percent, it's 11.7%
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