Question

I need some help with this pls.

Depreciation and Proportionality:

A $1,000 investment appreciates at a rate of 5% per year. What will it be worth after 3 years? Round to the nearest dollar.

Answer 1

the worth of the house in two years = $197,200

Explanation:

original price = $170,000

appreciation per year = 8%

appreciation in two years = 2 * 8% = 16%

16% of 170000

= 170000 * 16/100 = $27,200

thus,

the worth of the house in two years = $170,000 + $27,200

= $197,200