Question

A family originally bought a home for $840,410. Now, a few years later, the home is worth $1,260,615. What was the percent of increase in its value?. ​

Answer 1

50%

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Use the formula for percent increase:

• Percent Increase = ((New Value - Original Value) / Original Value) * 100%

Substituting the given values:

• ((1260615 - 840410) / 840410) * 100 = 50%

The percent increase in the value of the home is 50%.