Question

1. You bought a house in 25 years ago for $250,000. If the value of the house increased by 6.5% per year,

what is the value of the house today?​

Answer 1

$40,625,000

Explanation:

If it increased by 6.5% every year, and you got it 25 years ago. You multiply 6.5 x 25 and you get 162.5. Then take 162.5 x $250,000 and that's how you get $40,625,000.