Question

the golds home was assessed this year at a value of $162,000 . last year it had been assessed at 150,000. What was the percent of the increase

Answer 1

The percent of increase in the assessed value of the Golds' home is 8%.

Step-by-step explanation:

To find the percent of increase in the assessed value of the Golds' home, we need to calculate the difference between the assessed values of this year and last year, and then divide it by the original assessed value and multiply by 100.

Step 1: Calculate the difference in assessed values: $162,000 - $150,000 = $12,000

Step 2: Divide the difference by the original assessed value: $12,000 / $150,000 = 0.08

Step 3: Multiply by 100 to get the percentage: 0.08 * 100 = 8%

Therefore, the percent of increase in the assessed value of the Golds' home is 8%.