The value of Peters house has risen 30% a year for the last 3 years. If the value of Peter’s home 3years ago was $90,000 what is the value now?

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asked May 20, 2021 64.7k views

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Wahab Memon · Answer 1 · 2021-05-27T08:00:50+0000

You answer will be 117,000

If you multiple the percentage (30) and the value of the house 3 years ago (90,000) you will get 2,700,000
then you divide that with 100 and get 27,00
27,000 + 90,000 is 117,000

The value of Peters house has risen 30% a year for the last 3 years. If the value of Peter’s home 3years ago was $90,000 what is the value now?

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