Register

A couple buys a house for $200,000. The value of the house appreciates at 7% per year. How much has the value of the house increased after 4 years?

A couple buys a house for $200,000. The value of the house appreciates at 7% per year. How much has the value of the house increased after 4 years?
asked 148k views
4 votes
A couple buys a house for $200,000. The value of the house appreciates at 7% per year. How much has the value of the house increased after 4 years?

asked
User Steve Park
by
7.8k points

1 Answer

4 votes
Starting price: 200,000
200,000 (1.07)^4
262,159.20- 200,000
The value of the house has increased by $62,159.20.
answered
User Jack Wilsdon
by
7.2k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!