Question

the value of a home appreciates about 2.1% annually. how much will a $150,000 home be worth in 15 years?

Answer 1

A very simple Step-by-step explanation:

Solution;

Apperciation: 2.1%

Principal: 150,000

Time: 15 years

Now,

=((0.021×150,000)×15)+150,000

=(3,150×15)+150,000

=47250+150,000

=197,250$

Hence, the house would worth 197,250$ after 15 years