1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alla [95]
3 years ago
14

Tammy’s home cost her $184,000. She lives in an area with a lively real estate market, and her home increases in value by 3. 5

% every year. If Tammy sells her home after thirteen years, how much profit will she have made, to the nearest hundred dollars? a. $8,500 b. $87,800 c. $83,700 d. $103,800.
Mathematics
1 answer:
garri49 [273]3 years ago
5 0

The profit to be made when she sells the house is $103,800.

The first step is to determine the value of Tammy's house in 13 years. The formula to be used is:

  • FV = P (1 + r)^n
  • FV = Future value  
  • P = Present value  
  • R = interest rate  
  • N = number of years  

$184,000 x (1.035)^13 = $287,767.92

Profit = value of the house in 13 years - cost of the house

$287,767.92 - $184,000 = 103,767 = $103,800

To learn more about future value, please check: brainly.com/question/18760477

You might be interested in
How long is the wire that supports the tree?<br> 5.6 ft<br> 3.3 ft -
Nikolay [14]
The answer is 2.3 feet
6 0
3 years ago
A piece of bad news about your hotel goes viral. If each person, spreads the news to 5 people within 1 minute, how long will it
Lady_Fox [76]

A 20,000,000


Hope my answer helped


5 0
3 years ago
Read 2 more answers
1. A length of rope is stretched between the top edge of a building and a stake in the ground. The head of the stake is at groun
denpristay [2]

Answer:

19

Step-by-step explanation:

4 0
2 years ago
I NEED HELP WITH THIS QUESTION PLEASE!!
tensa zangetsu [6.8K]

Answer:

They Sold 100 General Tickets And 250 Student Tickets.

Step-by-step explanation:

100x8= 800

250x5=1250

1250+800=2050

Hope This Helped!

8 0
3 years ago
Charles and Seth are building a ramp for Sasha and Samantha. The base of the triangle is 11ft and it's height is 5ft. How long i
Arlecino [84]

Answer: 12.1 ft

Step-by-step explanation:

A ramp represents a right-angled triangle so Pythagorean formula can be used to find the diagonal length which will also be the hypotenuse.

c² = a² + b²

Where:

c = hypotenuse

a = base

b = Height

c² = 11² + 5²

c² = 121 + 25

c² = 146

c = √146

c = 12.1 ft

5 0
3 years ago
Other questions:
  • Plzz Help!! WIll Upvote!!
    9·1 answer
  • Find the height of a square pyramid that has a volume of 32 cubic feet and a base length of 4 feet
    12·2 answers
  • What percentage of 5,000 is 5
    11·1 answer
  • Ron predicts he will use 115 nails on the desk he is building. If Ron only uses 84 nails, what is Ron's percent error? Round you
    15·2 answers
  • Please solve the worksheet. (factoring trinomials)
    7·1 answer
  • Write in expanded form. Use parentheses to indicate multiplication.
    11·1 answer
  • Calculate the area of the above irregular object​
    13·1 answer
  • 3. You and your friends were playing basketball last week. You were short a
    13·1 answer
  • During a radio contest, $50 is added to the prize money each time a caller answers the contest question incorrectly. the first c
    12·1 answer
  • Quick algebra 1 question for 50 points!
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!