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Homes appreciate 8% every year. What is the multiplier?
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4 votes
Homes appreciate 8% every year. What is the multiplier?

User Benny Wong
by
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1 Answer

3 votes

Answer:

1.08

Explanation:

Home appreciates 8% every year. Since 8% is increased every year , therefore 1 + 8/100 will be multiplied to the initial cost every year .

Hence the multiplier is 1.08 .

User Baklazan
by
4.3k points
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