Question

By how much did the house value increase in dollars and what is the current value of the house?

Answer 1

The original price was $259,000.

The price has increase 7%, so we can calculate what amount it represents multiplying the original price by the 7% (in decimal form):

`\text{Increase}=259000\cdot(7)/(100)=259000\cdot0.07=18130`

We can find the current value by adding the original price and the increase:

`\begin{gathered} \text{Current value=Original value+Increase} \\ \text{Current value=}259000+18130 \\ \text{Current value=}277130 \end{gathered}`

Answer:

Increase = $ 18,130

Current value = $ 277,130