Question

The value of zlatans house has increased by 7% His house is now valued at ?749,000 Work out the value of the house before the increase

Answer 1

The value of Zlatan's house before the increase is $700,000.

Step-by-step explanation:

The value of Zlatan's house has increased by 7%. His house is now valued at $749,000. To find the value of the house before the increase, we can use the formula:

Original value = New value / (1 + increase percentage)

Substituting the given values, we have:

Original value = $749,000 / (1 + 0.07) = $700,000

Therefore, the value of Zlatan's house before the increase is $700,000.

Answer 2

$440588.24

Step-by-step explanation:

Let x be the value of Zlatans house before the increase.

We are told that the value of Zlatans house has increased by 7%. His house is now valued at $749,000. This means that value of house(x) before increase plus 7% of x will be equal to $749000.

We can set this information in an equation as:

`x+(70)/(100)x=74900`

`x+0.7x=74900`

Upon combining like terms we will get,

`(1+0.7)x=74900`

`1.7x=74900`

`x=(749000)/(1.7)`

`x=440588.2352941176470588\approx 440588.24`

Therefore, the value of the house before increase will be $440588.24.