Question

If Angela $98,760 home appreciates 3% a year will she have enough appreciation to try to sell a home for a $15,000 profit in five years yes or no

Answer 1

Yes

Explanation:

So, first, in 5 years, the home will have appreciated by 15%. (5 years times 3%). Once you find 15% of 98760, which is 658400, you have to add it on to the original price of the house. At this point, the house costs 757160 dollars. You then subtract the original price of the house from the price of the house 5 years from now. (757160-98760) and you get 658400. As you can tell, 658400>15000. Therefore, the answer is yes.