The value of a parcel of land, now worth $90,000, is expected to increase at an annual rate of 7.75%. What is the predicted value of the land 9 months from now? Round to the nearest dollar.

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Thanix asked Dec 28, 2023

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The value of a parcel of land, now worth $90,000, is expected to increase at an annual rate of 7.75%.

What is the predicted value of the land 9 months from now?
Round to the nearest dollar.

Mathematics
high-school

Thanix asked Dec 28, 2023

by Thanix

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12 votes

Answer:

$95,231 rounded to the nearest dollar

Explanation:

5.8125/100 * $90,000 = $ 5231.25 increase

$5231.25 + $90,000 = $95,231.25

Round to the nearest dollar = $95,231

Sangwook answered Jan 1

by Sangwook

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