Question

Lesson 2 Practice Problems

1. In 1990, the value of a home is $170,000. Since then, its value has increased 5% per
year.
a. What is the approximate value of the home in the year 1993?

Answer 1

$3,400,000

Explanation:

170,000/ 5% for the increase

170,000/ 5% = $3,400,000