Question

Suppose you bought a house for $349,634 and the value has increased by 63%. What is the new value of the house in dollars? Round your answer to the nearest hundredth.

Answer 1

Explanation:

If the value of the house has increased by 63%, it is still worth 100% of the $349,634 it was originally, but now we are adding 63% to that 100% to find the new value. Thus, 349634(1.63) = $569,903.42. The 1.63 is 163% as a decimal, just in case.