Carly bought a new house for $125,000. The value of the house appreciates approximately 3.5% each year. What will be the value o

Question

3 years ago

9

f the house after 10 years?

2 answers:

mixer [17] · Answer 1 · 2022-07-16T04:30:20+03:00

mixer [17]3 years ago

6 0

For 1 year, the house appreciates $4375 (3.5% of 125,000). Therefore after 10 years, $4375(10) = $43750. $125,000+ $43750 = $168,750.

laiz [17] · Answer 2 · 2022-07-16T06:14:02+03:00

laiz [17]3 years ago

6 0

Y=125,000 (1+.035)^10
Y=125,000 (1.035)^10
Y=125,000 (1.410598716) or 125,000 (1.41)
Y= $176324.85 or $176250