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A couple buys a house for $200,000. The value of the house appreciates at 7% per year. How much has the value of the house increased after 4 years?

A couple buys a house for $200,000. The value of the house appreciates at 7% per year. How much has the value of the house increased after 4 years?
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4 votes
A couple buys a house for $200,000. The value of the house appreciates at 7% per year. How much has the value of the house increased after 4 years?

User Steve Park
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1 Answer

4 votes
Starting price: 200,000
200,000 (1.07)^4
262,159.20- 200,000
The value of the house has increased by $62,159.20.
User Jack Wilsdon
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7.2k points
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