Question

A house was valued at $302,000. over several years, the value increased by 9% given the house in new value.

Answer 1

It is given that a house was valued at $302,000.

Let old value =$302,000.

Over several years, the value increased by 9%.

New value=9 % of old value+old value

`\text{New value=}(9)/(100)*302000+302000`

`\text{New value=}(9)/(100)*302000+(1)*302000`

Taking out 302000 as common, we get

`\text{New value=(}(9)/(100)+1)*302000`
`\text{Use }\frac{\text{9}}{100}=0.09,\text{ we get}`

`\text{New value=(0.09+1)}*302000`
`A\text{dding 1 and 0.09 , we get 1+0.09=1.09}`

`\text{New value=1.09}*302000`
`\text{New value=\$}329180`

Hence the new value of the house is $329180.