Question

1. A house cost $112,000 in 2010. By the year 2015, the house had a value of $132,000. What was the growth rate as a percent for that 5-year period?

Pls help


A. 6.48%


B. 3.34%


C. 5.23%


D. 2.15%

Answer 1

Answer:b

Explanation:

Answer 2

The growth rate for the period was of 17.86%.

Explanation:

To find the growth rate as a percent, we multiply the change by 100, and divide by the initial value.

A house cost $112,000 in 2010. By the year 2015, the house had a value of $132,000.

Change: 132 - 112 = 20

Initial value: 112

Growth rate as a percent:

20*100/112 = 17.86%

The growth rate for the period was of 17.86%.