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A house worth $150000 in 1999 increased by a constant rate to its value of $255 000 in 2007. Calculate the home's annual rate of increase in value.

A house worth $150000 in 1999 increased by a constant rate to its value of $255 000 in 2007. Calculate the home's annual rate of increase in value.
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A house worth $150000 in 1999 increased by a constant rate to its value of $255 000 in 2007. Calculate the home's annual rate of increase in value.

asked
User Praseetha KR
by
7.7k points

1 Answer

6 votes

Answer:

13125 per year

Explanation:

2007-1999=8

255000-150000=105000

105000÷8=13125

answered
User Kennyg
by
8.5k points
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