Question

the value of a building is currently 281000. if the value increase by 4.5%, what will the new be value

Answer 1

To calculate the new value of the building after a 4.5% increase, multiply the current value by 1 plus the percentage increase.

Step-by-step explanation:

To calculate the new value of the building after a 4.5% increase, we need to multiply the current value by 1 plus the percentage increase.

The increase can be calculated as follows:

New value = Current value + (Current value * Percentage increase)

Substituting the given values, we get:

New value = 281000 + (281000 * 0.045)

By solving this equation, the new value of the building will be $293045.

Answer 2

To find the new value of the building, you can multiply the original value by 1 plus the percentage increase:

New value = Original value x (1 + Percentage increase/100)

In this case, the percentage increase is 4.5%, or 0.045 as a decimal. So the calculation would be:

New value = 281000 x (1 + 0.045)
New value = 281000 x 1.045
New value = 293445

Therefore, the new value of the building would be $293,445 after the 4.5% increase.