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Aria paid $75,000 for her house. its property value increased by 2.2% per year. when aria sold her house after eleven years, how much was it worth, to the nearest hundred dollars? a. $133,700 b. $95,400 c. $95,300 d. $93,100

Sagot :

The worth of the Aria's house, when she sold her house after eleven years, is $95300 to the nearest a hundred dollars.

What is percentage increase?

Percentage increase is the amount added to the initial value of a product in the percentage part.

The percentage increase over a year can be found out using the compound interest formula,

[tex]A=P(1+\dfrac{r}{100})^n[/tex]

Here, (A) is the final amount (P) is the principal amount, (r) is the rate and n is the time period.

Aria paid $75,000 for her house. its property value increased by 2.2% per year.  The time period is 11 years. Put these values in the above formula as,

[tex]A=75000(1+\dfrac{2.2}{100})^{11}\\A=95284.3[/tex]

To the nearest, a hundred dollars,

[tex]A=95300[/tex]

The worth of the Aria's house, when she sold her house after eleven years, is $95300 to the nearest a hundred dollars.

Learn more about the percentage increase here;

https://brainly.com/question/22444616

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