Answered

Explore Westonci.ca, the leading Q&A site where experts provide accurate and helpful answers to all your questions. Connect with a community of experts ready to help you find accurate solutions to your questions quickly and efficiently. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

if the value of my home has tripled since I bought it, that means its relative change in value is 300% true or false

Sagot :

I have to say it is true, since the value of the house was already 100, this is a simple math equation.  100 x 3= 300%
Nellz01
False.
Tripling a value means that it has increased by 200%. e.g. if something was originally $100 and it's value increased to $300, it would have tripled in price but only increased by 200%.
Hope this helps :)
Thank you for your visit. We're 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 trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.