Question

A house is valued at $118,000.00. The homeowner decides to add on a two-car garage that increased the value of the home by 15%.How much will the house be worth? Explian

Answer 1

Answer:

The value of the house after adding the garage is $135,700.

Step-by-step explanation:

Given,

value of house before adding garage = $118,200.00

we need to find the value of house after adding two car garage.

Solution,

Since after adding two car garage the value of the house increased by 15%.

So firstly we will find out the 15% of the value of the house after adding garage.

So we can say that;

15% of the value of the house after adding garage is equal to 15 divided by 100 the multiplied with the value of the house before adding garage.

15% of the value of the house after adding garage = $\frac{15}{100}\times118,000=\ 17,700$

Now, The value of the house after adding garage is equal to the sum of value of house before adding garage and 15% of value of house before adding garage.

We can frame it in equation form as;

The value of the house after adding garage = $\ 118,000+\ 17,000=\ 135,700$

Hence The value of the house after adding the garage is $135,700.