Question

A house purchased for $220000 has it's value grow at a constant rate of 4%. Determine the approximate

value of the house 5 years after purchase

Answer 1

264,000

Explanation:

4% of 220000 is 8800

8800 x 5 = 44000

220000 + 44000 = 264000

Answer 2

the answer is 264000.....