Question

A building, which costs $125,000 to build, increased in value by 3 ½% What is the building worth now? ​​

Answer 1

The building is worth $129,375 now.

Explanation:

To find the value of the building now, you can use the following formula:

Current value = Original value + (Original value * Increase percentage)

Plugging in the values given in the problem, you get:

Current value = $125,000 + ($125,000 * 3.5%)

= $125,000 + $4,375

= $129,375