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1 answer:
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Answer:
$887,761.38
Step-by-step explanation:
The principal amount the home is valued is $375,000 and it increases at a rate of 9% a year which is 0.09 and the amount of time it grew is 10 years. Therefore:
After 10 years the house is worth $887,761.38 if this trend continues
Answer:
Option (B).
Step-by-step explanation:
Percentage change between two numbers a and b can be calculated by the formula,
% change =
Where, (b - a) = Change in values
a = Initial value
If a = 16 and b = 20
Percentage change between 16 and 20 will be,
=
=
= 25%
If a = 20 and b = 16,
Percentage change =
= 20%
Therefore, %change between 16 and 24 may be 16% or 20%.
Option (A),
= 25%
Option (B),
= 1.25 - 1 × 100
= 1.25 - 100
= -98.75%
Option (C),
= 25%
Option (D),
= 20%
Therefore, we can not use the calculation used in Option (B).