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a_sh-v [17]
3 years ago
13

A couple purchased a home for $225,000. At the end of each year the home increases in value by 3%.

Mathematics
2 answers:
Tresset [83]3 years ago
5 0
Each year the value increases by 1.03
Value after 10 years = 225000 x (1.03)^10 = $302381.19
kondaur [170]3 years ago
4 0
  • Principal=P=225000
  • Rate of interest=R=3%
  • Time=10=T

\\ \sf\longmapsto I=\dfrac{PRT}{100}

\\ \sf\longmapsto I=\dfrac{225000(3)(10)}{100}

\\ \sf\longmapsto I=22500(3)

\\ \sf\longmapsto I=67500

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