A house was bought for $450 000 and 3 years later was valued at $540 000. Find: a. The new value as a percentage of the old valu

Question

3 years ago

9

e b. The increase in value over the three year period c. The increase in value as a percentage of the original value

1 answer:

puteri [66] · Answer 1 · 2022-08-30T23:18:51+03:00

5 0

Answer:

A) The percentage is given by (The new value)/(The old value)*100 = 120%

B) The increase in value is $90000

C) The increase as a percentage is (90000/450000)*100=20%