Question

A house on the market was valued at $477,000 . After several years, the value increased by 7% . By how much did the house's value increase in dollars? What is the current value of the house?

Answer 1

Percentage is represented by division into 100.
7/100 = .07
$477,000 x .07 = $33,390 increase
$477,000 x 1.07 = $510,390 current value.