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?

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asked Dec 1, 2022 187k views

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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?

Mathematics
high-school

Binncheol asked

by Binncheol

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1 Answer

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Answer:

$3,400,000

Explanation:

170,000/ 5% for the increase

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

Farah Nazifa answered Dec 6, 2022

by Farah Nazifa

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