Mathematics

Delaney Duncan

13 June, 22:40

Edward purchased his home for $89,000. For the first three years after he moved in, the real estate market was very lively, so his property value grew by 4.8% every year. For the next five years, the market slowed down somewhat, and his property value grew by 2.6% every year. How much had the value of Edward's home increased after eight years, to the nearest hundred dollars?

a.

$25,700

b.

$27,500

c.

$30,000

d.

$13,200

+5

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