Question

The cost of building a house increases 26 percent every year. If it costs $80,000 to build the house one year, what would it cost to build the house the next year?

Answer 1

100,800

Step-by-step explanation:

Answer 2

The cost of building the house the next year would be $100,800.

Step-by-step explanation:

To calculate the cost of building the house the next year, we need to apply a 26 percent increase to the current cost. Let's start by finding 26 percent of $80,000:

26% of $80,000 = $80,000 * 0.26 = $20,800

Now, we'll add this amount to the current cost:

$80,000 + $20,800 = $100,800

Therefore, it would cost $100,800 to build the house the next year.