Over the past 20 years the prices of homes have increased by 30%, resulting in the average price of a house being $500,000. What

Question

Alik [6]

3 years ago

15

Over the past 20 years the prices of homes have increased by 30%, resulting in the average price of a house being $500,000. What

was the average price of a house 20 years ago?

Mathematics

2 answers:

padilas [110] · Answer 1 · 2022-07-11T17:50:08+03:00

padilas [110]3 years ago

7 0

Answer:

Step-by-step explanation:

9966 [12] · Answer 2 · 2022-07-11T16:21:05+03:00

9966 [12]3 years ago

6 0

Answer:

In the best 30 years for the housing market (1976-2005), real price appreciation averaged 2.2% per year. In the worst 30 years for housing (1895-1924), real price appreciation averaged -2.0% per year.