Question

A house on the market was valued at $478,000. After several years, the value increased by 8%. By how much did the house's value increase in dollars? What is

the current value of the house?

Answer 1

We need 8% of Value

`\\ \sf\longmapsto 8\%\:of\;478000`

`\\ \sf\longmapsto 0.08(478000)`

`\\ \sf\longmapsto 38240\$`

Current value:-

`\\ \sf\longmapsto 478000+38240=516240`

Answer 2

• $38240 increase
• $516240 current value

Explanation:

Initial value of house is $478000

Change in value is 8% greater:

• 478000 + 8% =
• 478000 + 8*478000/100 =
• 478000 + 38240 =
• 516240