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VARVARA [1.3K]
3 years ago
10

Apprised value of a property has increased 230 12 % since it was purchased by the present owner. The purchase prince of the prop

erty was $160,000, its apprised value at that time. How
much is the current appraised value?
Mathematics
1 answer:
Nataliya [291]3 years ago
4 0

The current appraised value is 179,200

<u>Step-by-step explanation:</u>

The price of the property at the time of purchase=160,000

The price has increased by 12% and we have to determine the present value.

current \ value= old value(100+12)/100 \current \ value =160000 \ times 112/100 =179200\

The current value of the property is 179200

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