Question

Use this formula to find the value of a house with appreciation: A = V (1+r)Y

Answer 1

Answer:

$A=\ 164,944.20$

Step-by-step explanation:

we know that

$A=V(1+r)^{Y}$

In this problem we have

$r=5\%=0.05$

$V=\ 135,700$

$Y=4\ years$

substitute in the formula and solve for A

$A=\ 135,700(1+0.05)^{4}=\ 164,944.20$