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.

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Tags
Categories
Ask a Question

Thanix asked Dec 28, 2023

514,337 views

33 votes

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

2.7k points

0 Comments

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.

Your answer

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.

1 Answer

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

3.0k points

0 Comments

Your comment on this answer:

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.

Ask a Question

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

1.6m questions

2.0m answers

0 Comments

Your comment on this question:

Your answer

1 Answer

0 Comments

Your comment on this answer:

Other Questions