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Lesson 2 Practice Problems 1. In 1990, the value of a home is $170,000. Since then, its value has increased 5% per year. a. What is the approximate value of the home in the year…

Lesson 2 Practice Problems 1. In 1990, the value of a home is $170,000. Since then, its value has increased 5% per year. a. What is the approximate value of the home in the year…
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13 votes
Lesson 2 Practice Problems

1. In 1990, the value of a home is $170,000. Since then, its value has increased 5% per
year.
a. What is the approximate value of the home in the year 1993?

asked
User Binncheol
by
8.0k points

1 Answer

6 votes

Answer:

$3,400,000

Explanation:

170,000/ 5% for the increase

170,000/ 5% = $3,400,000

answered
User Farah Nazifa
by
8.4k points
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