Question

A house purchased last year for $160,000 is now worth $192,000. Assuming that the house's value continues to appreciate at the same rate each year, what is the value of the house 2 years from now?

Answer 1

Explanation:

$192,000/$160,000=(1.2)

$192,000 x 1.2=$230,400 year 1

$230,400 x 1.2=$276,480 year 2

Correct answer is $276,480.00.