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4 years ago

15

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:

Gwar [14]4 years ago

3 0

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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