Question

You buy a house for $130,000. It appreciates 6% per year. How much is it worth in 10 years?

Answer 1

Let P = price of house today or initial amountr = percent it appreciates each year or the growth rateand n = number of years of appreciationthen future price = P*(1+r/100)nor for this particular example of exponential growth$130000*(1.06)10 = $232,810

Answer 2

Hello There!

Percentage multipliers can be used.
Multiplier = 100 + 6 = 106 = 1.06
130000 x 1.06^10 = $232810.20

Hope This Helps You!
Good Luck :)

- Hannah ❤