Answer:
the value of the home after 12 years =$275,165.60
Step-by-step explanation:
To find value of appreciation after 12 years
We apply exponential growth formula
Where a represents the initial amount (purchased amount)
a= 182,100
r = rate of interest ( appreciation percentage) = 3.5% = 0.035
x represents the time period= 12 years
Plug in all the values
y= 275165.6025027724
y=$275165.60
