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damaskus [11]
4 years ago
13

You plan to buy a house today for $220,000. if the real estate in your area is expected to increase in value by 2% each year, wh

at will be the approximate value of your house in 7 years.
Mathematics
1 answer:
kirill [66]4 years ago
4 0
The multiplier each year is 1.02, so the multiplier for 7 years is 1.02^7.

220,000*1.02^7 ≈ 252,700

_____
4 significant figures is usually good enough for most real-world problems. (Unless you're counting pennies on your billion-dollar investment.)
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