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mojhsa [17]
3 years ago
11

According to a certain central bank from 2000 to 2016 the average price of a new home in a certain region increased by 77% to $4

76 thousand. What was the average price of a new home in 2000?
Mathematics
1 answer:
ludmilkaskok [199]3 years ago
8 0

Answer:

<u>The average price of a new home in 2000 was $ 268,927 (rounding to the next dollar)</u>

Step-by-step explanation:

Let's find out the average price of a new home in 2000, this way:

x = Average price of a new home in 2000

Increase rate = 77% = 0.77

476,000 = Average price of a new home in 2016

2. What was the average price of a new home in 2000?

x + 0.77x = 476,000

1.77x = 476,000

x = 476,000/1.77

<u>x = 268,927 (rounding to the next dollar)</u>

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