Question

Eight years ago you bought your house for $115,000. You just sold it for $267,000. What was the average annual appreciation of your home

Answer 1

(C) y = 115,000(1.05)x

Step-by-step explanation:

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Answer 2

$19,000

Step-by-step explanation:

appreciation is the difference between the price at which the house was bought and the price at which the house was sold

$267,000 - $115,000 = $152,000.

Average annual appreciation = $152,000 / 8 =$19,000