In 2008 a house is worth $350 000.
2 answers:
Answer:
The value of 2008 is 112% of the Value of 2007.
But we need 100% of the year of 2007.
So 350000 / 112 = 3125 => 1%
3125 * 100 = 312500 => 100%
Value of the house was $312500 at the begining
of 2007.
Answer:
The value of 2008 is 112% of the Value of 2007.
But we need 100% of the year of 2007.
So 350000/112=3125=>1%
3125*100=312500=>100%
The answer is $312500
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