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The Jones family bought a house for $220,000. The value of the real estate in that town will increase by 2.5% for the next 20 years. What will the value of the house be after 8 years?
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The Jones family bought a house for $220,000. The value of the real estate in that town will increase by 2.5% for the next 20 years. What will the value of the house be after 8 years?

User Fabio Lamanna
by
6.6k points

1 Answer

5 votes

Answer:

=$222,200

Explanation:

2.5%=20yrs

? =8

=1%

$22000=100%

?=101%

=$222,200

User Sergey L
by
7.6k points
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