in 1990, the value of a home is $170,000. Since then, its value has increased 5% per year. what is the approximate value of a ho
me in 1993?
1 answer:
value of home in 1991= 105% of 170000
value of home in 1992= 105%×105% of 170000
value of home in 1993= 105%×105%×105% of 170000
=$196,796.25
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