The Gates family has a home that they purchased for $160,000. If the value of their home increases at a rate of 3% per year, how much will it be worth in 10 years? $208,000.00 $48,000.00 $4,800,000.00

Xpqz asked Jul 9, 2023

260,802 views

43 votes

Xpqz asked Jul 9, 2023

by Xpqz

3.1k points

Your comment on this question:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Email me at this address if my answer is selected or commented on:Email me if my answer is selected or commented on

Privacy: Your email address will only be used for sending these notifications.

19 votes

The answer will be the first one, $208,000

1) find the total percentage - 3x10=30%

30% of 160,000 = 48,000

160,000 + 48,000 = $208,000

Sirwillem answered Jul 15, 2023

2.9k points

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers