Question

A house on the market was valued at $263,000. After several years, the value increased by 19% By how much did the house's vaule increase in dollars? What is the current value of the house

Answer 1

Value of house increased in several years is $49,970 and New value of house is $312,970.

Explanation:

A house on the market was valued at $263,000. After several years, the value increased by 19% . And so , new value of house is increased by a factor of 19% i.e. New value of house = previous value + 19% of previous value

⇒New value of house = previous value + 19% of previous value

Previous value = $263,000 and ,

19% of previous value =
`(263,000(19))/(100)` = $49,970

⇒New value of house = $263,000 + $49,970 = $312,970

Now, Value of house increased in several years = 19% of previous value of house

⇒Value of house increased in several years =
`(263,000(19))/(100)` = $49,970.

∴ Value of house increased in several years is $49,970 and New value of house is $312,970.