Question

Aria paid $75,000 for her house. its property value increased by 2.2% per year. when aria sold her house after eleven years, how much was it worth, to the nearest hundred dollars?a.$133,700b.$95,400c.$95,300d.$93,100 please select the best answer from the choices providedabcd

Answer 1

D

Explanation:

Converting percent to decimal : 2.2/100 = 0.022

Finding 2.2$ of $75k : 75,000 x 0.022 = $1,650 (also the increase in one year)

Finding how much it was worth after 11 years :

(75,000 x 0.022) x 11 = $18,150 or 1,650 x 11 = $18,150

Now add the product to the regular amount to find out the answer:

75,000 + 18,150 = $93,150 (which is how much it increased after 11 years)