Answered

Westonci.ca is your go-to source for answers, with a community ready to provide accurate and timely information. Get detailed answers to your questions from a community of experts dedicated to providing accurate information. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.

In 1970, the median home value was $20,000. By 2020, the median home value was $320,000. What is the percent increase in home value in those 50 years?

Sagot :

Answer:

1500%

Step-by-step explanation:

The formula for Percentage increase is

Increase/ Initial Amount × 100

Increase = Current Amount - Initial Amount

Increase = $320,000 - $20,000

Increase = $300,000

Percentage Increase =

$300,000/$20,000 × 100

= 1500%

The percent increase in home value in those 50 years is 1500%

Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. We're dedicated to helping you find the answers you need at Westonci.ca. Don't hesitate to return for more.