Question

A house valued at $100000 gains 6%in value. Which expression shows the current value of the house in dollars

Answer 1

Current value of house is $106000

Explanation:

We are given

A house valued at $100000

gains 6%in value

so,

current value = past house value + gain(%) * (past house value)

past house value =100000

gain(%)=6%

so, we can plug value

Current value is

`=100000+(6)/(100)* 100000`

`=106000`