This deals with exponential growth.
house value = 20,000 * (1.05)^years
(where years is # of years from 1950 - so 1950 = 0, 1951 = 1, etc)
house value = 20,000 * (1.05)^65
house value = 20,000 *
<span>
<span>
<span>
23.8399005592
</span>
</span>
</span>
<span><span><span>house value = 476,798.01</span>
</span> </span>
Answer:

Step-by-step explanation:
Exponent Multiplication Rule :

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Solving :
⇒ 
⇒ 
⇒ 
Answer:
2070 / 6930 = 0.2987.....x 100 = 29.87%
Try Using the Formula I=Prt
principal×rate×time
so
P-1200
R-.039
T-8 months