shinpyaeoo36
Answered

At Westonci.ca, we make it easy for you to get the answers you need from a community of knowledgeable individuals. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

The value of a house increases by 20% each year.
It is valued at $20000 today.
a) What will it be worth in two years' time?
b)What was it worth one year ago?

Sagot :

gia23760

Answer:

a. $28,800

b. $16,000

Step-by-step explanation:

A.

20,000 * 20% = 4,000

so thats how much more it will be next year

add that together

20,000 + 4,000 = 24,000

so thats one year from now and we have to find two

multiply 20% times next years value

24,000 * 20% = 4,800

so add that to 24,000

24,000 + 4,800 = 28,800

so in two years the value will be $28,800

B.

20,000 * 20% = 4,000

so thats how much less it was worth one year ago

so you have to subtract it

20,000 - 4,000 = 16,000

so it was worth $16,000 one year ago

Thank you for your visit. We are dedicated to helping you find the information you need, whenever you need it. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Thank you for using Westonci.ca. Come back for more in-depth answers to all your queries.