Question

The Jones family bought a house for $220,000. The value of the real estate in that town will increase by 2.5% for the next 20 years. What will the value of the house be after 8 years?

Answer 1

=$222,200

Explanation:

2.5%=20yrs

? =8

=1%

$22000=100%

?=101%

=$222,200