Question

In 1990, the value of a home is $170,000. Since then, its value has increased 5% per year.

What is the approximate value of the home in the year 1993?

Answer 1

195.500

Explanation:

5 percent of 170,000 is 8,500.

Since 3 years pass we're multiplying 8,500 by 3.

8,500

x 3

_____

25,500

Now we just add 170,000 + 25,500, and we get 195.500.

Hope I at least somewhat helped, and if I didn't, at least I tried.