Question

a house was valued at $389,000. Over several years, the value increased by 18%, giving the house a new value. Write the new value in terms of the old value. Write your answer as a decimal. Use your answer in part (a) to determine the new value.

Answer 1

The house's original value of $389,000 increased by 18%, which is an increase of $70,020. The new value is therefore $459,020.

Step-by-step explanation:

A house originally valued at $389,000 increased by 18%. To find the new value of the house, you calculate the increase in value by multiplying the original value by the percentage increase, expressed as a decimal. Therefore, the increase is $389,000 × 0.18 = $70,020. To determine the new value, add the increase to the original value: $389,000 + $70,020 = $459,020.

Answer 2

Either 459,020 or 70,020