Question

93. Real estate: A real estate agent says that the current value of a home is $150,000 more than twice its value when it was new. If the current value is $640,000, what was the value of the home when it was new?​

Answer 1

Let’s assume the value of home when it was new is x.
Given, Current Value= $640,000
current value= $150,000 + 2x

640,000= 150,000 +2x
2x = 490,000
x = 245,000

The value of home when it was new is $245,000.