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Carly bought a new house for $125,000. The value of the house is approximately 3.5% each year. What will be the value of the house after 10 years?

Carly bought a new house for $125,000. The value of the house is approximately 3.5% each year. What will be the value of the house after 10 years?
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Carly bought a new house for $125,000. The value of the house is approximately 3.5% each year. What will be the value of the house after 10 years?

User Zhfkt
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2 Answers

4 votes

Answer

this is right answer $176324.85

Explanation:

User Punkologist
by
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3 votes
For 1 year, the house appreciates $4375 (3.5% of 125,000). Therefore after 10 years, $4375(10) = $43750. $125,000+ $43750 = $168,750.
User Saman Sattari
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