Question

Problem 3: Housing

A house that originally was worth $150,000, has grown in value at a rate of 3% per year for the
last 10 years. To the nearest dollar, how much is it worth now?

Answer 1

the house is worth 201587 after 10 years.

Explanation:

after the first year, the value is 154500.

after the second, 159135.

after the third, 163909.

after the fourth, 168826.

after the fifth, 173891.

after the sixth, 179108.

after the seventh, 184481.

after the eighth, 190015

after the ninth, 195716.

after the tenth, 201587.