Question

Lawrence bought his condominium for

$100,900. During the past 2 years, its
value increased 8%. What is the current
value of Lawrence's condominium?

Answer 1

Answer: $108,972

Explanation:

To find the current value of Lawrence's condominium, we need to calculate the 8% increase in value over the past 2 years.

First, find the increase in value:

$100,900 * 0.08 = $8,072

Next, add this increase to the original price:

$100,900 + $8,072 = $108,972

So, the current value of Lawrence's condominium is $108,972.