The value of Peter's house has risen 20% a year for the last 3 years. If the value of Peter's home 3 years ago was $90,000.00, w hat is the value now?
1 answer:
Answer:
$155,520
Step-by-step explanation:
When the value rises 20%, it is 1.2 times what it was. This has occurred 3 times, so the value is now 1.2³ = 1.728 times what it was.
... $90,000 × 1.2³ = $155,520
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