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Recently, the value of a house increased by 20.5%. What is the current value of the house if its original value was $550,000?

Recently, the value of a house increased by 20.5%. What is the current value of the house if its original value was $550,000?
87.9k views
5 votes
Recently, the value of a house increased by 20.5%.

What is the current value of the house if its original value
was $550,000?

User Brijesh Thakur
by
7.4k points

1 Answer

4 votes
550,000 x .205 = 112,750
550,000 + 112,750 = $662,750
To find the % of something, just move the decimal 2 places to the left to multiply.
User Marpme
by
8.1k points
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