According to the Census Bureau, in October 2016, the average house price in the United States was $27,258. 6 years earlier, the

Question

3 years ago

15

average price was $20,608. What was the annual increase in the price of the average house sold?

1 answer:

krek1111 [17] · Answer 1 · 2022-03-12T17:58:35+03:00

5 0

Answer:

Annual increase is $1,108.4

Explanation:

In 2016, average price was $27,258.6

In 2010, average price was $20,608

Average increase in 6 years = $27,258.6 - $20,608 = $6,650.6

Annual average increase = $6650.6/6 = $1,108.4