Answered

Westonci.ca is the Q&A platform that connects you with experts who provide accurate and detailed answers. Join our platform to get reliable answers to your questions from a knowledgeable community of experts. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform.

A house increase value by 32% since it was purchased. If the current value is $495,000, what is the value when it was purchased?

Sagot :

Answer:

$375,000.

Explanation:

Let the value of the house when it was purchased = x

If its value increases by 32%, then its current value will be:

[tex]x+(32\%\text{ of x)}[/tex]

Since we are told that the current value is $495,000, then:

[tex]x+(32\%\text{ of x)=495,000}[/tex]

We solve for x.

[tex]\begin{gathered} x+0.32x=495,000 \\ 1.32x=495,000 \\ x=\frac{495,000}{1.32} \\ x=\$375,000 \end{gathered}[/tex]

The value of the house when it was purchased was $375,000.

Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Stay curious and keep coming back to Westonci.ca for answers to all your burning questions.